In Year $2,$ Anderson Company purchased equipment for $$368,000$ and also sold some special purpose machinery with a book value of $$157,000$ for $$184,500.$ In its statement of cash flows for Year $2,$ Anderson should report the following with respect to the above transactions:

Select one:

a$.$ $$183,500$ net cash used by investing activities.

b$.$ $$368,000$ cash used by investing activities; $$184,500$ cash provided by financing activities.

c$.$ $$368,000$ net cash used by investing activities.

d$.$ $$183,500$ net cash used by investing activities; $$27,500$ net cash provided by operating activities.