Saffat Inc. acquired an equipment for $40,000 during 2020. During the same year, the firm sold an old equipment costing initially $15,000 with a book value of $5,000, for $3,000 cash. The firm has also invested in the stocks of IBM for a total value of $40,000. Calculate the firms net cash flow from investing activities in 2020:

Select one:

a.

($75,000)

b.

None of the choices

c.

$0

d.

$5,000

e.

($77,000)