During 2022, Concord Corporation sold equipment with a book value of $81600 for proceeds of $98600. The company purchased new equipment for $217600 by signing a long-term note payable. No other transactions impacted long-term asset accounts during 2022. The investing section of the statement of cash flows will report...

A)net cash outflows of $200600.

B)net cash outflows of $119000.

C)net cash inflows of $17000.

D)net cash inflows of $98600.

Please expain why the answer is D instead of B. My understanding is that purchase of equipment falls under the investing section of the statement of cash flows and should be subtracted from it. Thanks