During the current year, Beck Co. purchased equipment for cash of $47,000, and sold equipment with a $10,000 carrying value for a gain of $5,000. ?

How should these transactions be reported in Beck’s statement of cash flows ?

A. Cash outflow of $32,000.

B. Cash outflow of $42,000.

C. Cash inflow of $5,000 and cash outflow of $47,000.

D. Cash inflow of $15,000 and cash outflow of $47,000.