Sargeant Ventures Reported $10,000 Cash Used in the Operating Activities

Sargeant Ventures reported $10,000 cash used in the operating activities section of the Statement of Cash Flows and the following data: depreciation expense $10,000;an accounts payable increase of $12,000;a $3,000 decrease in accounts receivable;an increase in wages payable of $8,000;and a $15,000 gain on the sale of long-term investments.Sargeants net income/loss for the period was

A) $8,000 income.
B) $28,000 loss.
C) $38,000 loss.
D) $2,000 income.