TopHat Ltd had a gain of $30 000 from selling machinery that cost $200 000 (accumulated depreciation of $80 000), the total proceeds from sale of machinery reported in the cash flows from the investing activities section of the statement of cash flows is:

a.

$150 000.

b.

$170 000.

c.

$230 000.

d.

$90 000.

e.

$300 000.