Wisconsin Farm Equipment Company sold equipment for cash. The income statement shows a loss on the sale of $8,000. The net book value of the asset was $30,900. Which of the following statements describes the cash effect of thetransaction?

A.negative cash flow of $22,900 for financing activities

B.negative cash flow of $22,900 for operating activities

C.positive cash flow of $38,900 from financing activities

D.positive cash flow of $22,900 from investing activities