Illinois Woodworking Company is preparing its statement of cash flows using the indirect method. During the year, Illinois Woodworking sold equipment for $$6,490$ cash. The net book value of the assel $$4,970.$ Which of the following statements is true?

A$.$ The book value of the asset sold is shown as a negative cash flow in the investing activities section.

B$.$ The cash receipt of $$6,490$ is shown as a positive cash flow in the investing activities section.

C$.$ The gain on sale of $$1,520$ is shown as a positive cash flow in the financing activities section.

D$.$ The gain on sale of $$1,520$ is added back to net income in the operating activities section.

$(1)$ Time Remaining: $01$:$05$:$37$