Machinery was sold for $50,000. That machinery was originally purchased on January 1, 2018 for $60,000 and had $12,000 of accumulated depreciation when it was sold on January 1, 2020. Which of the following would show on the Statement of Cash Flows related to the sale on January 1, 2020?

• A. Investing Activities; Gain on Sale of Machinery ($2,000)
• B. Operating Activities; Proceeds from Sale of Machinery $50,000
• C. Investing Activities; Proceeds from Sale of Machinery $50,000
• D. Operating Activities; Loss on Sale of Machinery $2,000