On January 1, 2020, Dyno Corp. purchased equipment with a five-year useful life for $300,000. Dyno uses the straight-line method of depreciation and has no estimated salvage value for the equipment. On August 31, Dyno sold this equipment and recorded a gain on sale of $20,000. What will Dyno record as the proceeds from this transaction in the statement of cash flows? a Select one: O a $280,000 O b. $300,000 O c $240,000 O d. $320,000