Question 16 Oriole Company sold some of its plant assets during 2021. The original cost of the plant assets was $907000 and the accumulated depreciation at date of sale was $845000. The proceeds from the sale of the plant assets were $89700. The information concerning the sale of the plant assets should be shown on Oriole's statement of cash flows (indirect method) for the year ended December 31, 2021, as a(n) addition of $89700 to net income. subtraction from net income of $27700 and a $89700 increase in cash flows from investing activities. subtraction from net income of $27700 and a $62000 increase in cash flows from financing activities. addition to net income of $27700 and a $89700 increase in cash flows from investing activities