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In 2017. BayKing Company sold used equipment for $17,000. The equipment had an original cost of $80,000 and accumulated depreciation as of the date of

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In 2017. BayKing Company sold used equipment for $17,000. The equipment had an original cost of $80,000 and accumulated depreciation as of the date of sale was $60,000. BayKing also purchased held-for-maturity securities for $7,000. Net income for the year was $66,000 after deducting $8,000 in depreciation expense. There were no other transactions conducted during the period. What are the 2017 operating cash flows for BayKing? O A. $64,000 O B. $71,000 O C. $74,000 O D. $77,000

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