The Beck Boat Co. equipment account increased by $20,000 and its accumulated depreciation account increased by $6,000 during fiscal year 2020. During fiscal year 2020, Beck Boat Co. sold equipment costing $42,000 with accumulated depreciation of $26,000 for $6,000 cash. Beck Boat Co. had no other noncurrent assets. What is the cash flow from investing activities (in equipment) during fiscal year 2020?

Select one:

a. $49,000 outflow

b. $56,000 outflow

c. $26,000 outflow

d. $6,000 inflow

e. $ 20,000 outflow