Madison company owned as asset that had cost $44,000. the company sold the asset for $16,000. accumulated depreciation on the day of the sale amounted to $32,000. which of the following would be reported in the financial statements?

a) 16,000 cash inflow in the investing stocked section of the cash flow statement

b) 16,000 increase in total assest

c) 4,000 gain in the investing activities section of the statement of cash flows

d) 4,000 cash inflow in the financing activities section of the cash flow statement