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Marigold Company sold some of its plant assets during 2 0 2 4 . The original cost of the plant assets was $ 9 0

Marigold Company sold some of its plant assets during 2024. The original cost of the plant assets was $905000 and the accumulated depreciation at the date of sale was $847000. The proceeds from the sale of the plant assets were $89000. The information concerning the sale of the plant assets should be shown on Marigold's statement of cash flows (indirect method) for the year ended December 31,2024, as a(n)
addition of $89000 to net income.
addition to net income of $31000 and a $89000 increase cash flows from investing activities.
subtraction from net income of $31000 and a $58000 increase in cash flows from financing activities. subtraction from net income of $31000 and a $89000 increase in cash flows from investing activities.
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