During 2012, Bale Company sold equipment with a book value of $90,000 for proceeds of $104,000. The company purchased new equipment for $240,000 by signing a long-term note payable. No other transactions impacted long-term asset accounts during 2012. The investing section of the statement of cash flows will report a.net cash outflows of $136,000. b.net cash inflows of $14,000. c.net cash outflows of $226,000. d.net cash inflows of $104,000