On January 1, 2020, Jersey Manufacturers sold equipment that originally cost them $200,000 for $140,000. The equipment had accumulated depreciation of $65,000. How would the gain or loss on the sale of equipment be recorded on the Statement of Cash Flows? A. Investing Activities; Loss on Sale of Equipment ($60,000) B. Operating Activities; Loss on Sale of Equipment $75,000 C. Investing Activities; Gain on Sale of Equipment $140,000 D. Operating Activities; Gain on Sale of Equipment ($5,000)