In 2016, Chavez Company purchased land for $120,000 to use as a future site for its new office building. At the end of 2016, the land was worth $135,000. The company decided not to build the new office and sold the land for $132,000 cash in 2017. How does Chavez Companys sale of land affect its 2017 statement of cash flows?

A.$132,000 cash inflow from operating activities.

B.$132,000 cash inflow from investing activities.

C.$132,000 cash inflow from financing activities.

D.$120,000 cash inflow from investing activities and $12,000 cash inflow from operating activities.