The land was purchased during the year for RO 60,000 and sold during the year for RO 25000 . The income statement reported a loss on sale of land in the amount of RO 2,000. All transactions related to land account was cash transactions. These transactions would be shown in the statement of cash flows as:

Select one:

a. RO 27,000 cash received by investing activities, and RO 60,000 cash paid for investing activities

b. RO 25,000 cash received by investing activities, and RO 60,000 cash paid for investing activities

c. RO 23,000 cash received by investing activities, and RO 60,000 cash paid for investing activities

d. RO 60,000 cash received by investing activities, and RO 25,000 cash paid for investing activities