Equipment Which Cost $213,000 and Had Accumulated Depreciation of $114,000

Equipment which cost $213,000 and had accumulated depreciation of $114,000 was sold for $111,000. This transaction should be shown on the statement of cash flows as a(n)

A) addition to net income of $12,000 and a $111,000 cash inflow from financing activities.
B) deduction from net income of $12,000 and a $99,000 cash inflow from investing activities.
C) deduction from net income of $12,000 and a $111,000 cash inflow from investing activities.
D) addition to net income of $12,000 and a $99,000 cash inflow from financing activities.