The Monsoon Umbrella Company sold some equipment. The original cost of the equipment was $100,000, and it had been depreciated a total of $60,000. The equipment was sold for $35,000. This transaction: Select one:

a. decreased operating cash flow and decreased net income.

b. had no effect on operating cash flow but increased net cash flow.

c. had no effect on net cash flow but decreased net income

d. increased operating cash flow and decreased net income.

e. increased operating cash flow and increased net cash flow