Freeman Corporation formats operating cash flows using the indirect method. 3 (Click the icon to view the income statement.) (Click the icon to view the balance sheet.) The book value of equipment sold during 2018 was $25,000. Freeman's net cash flow from investing activities for 2018 was O A. net cash used of $48,500. OB. net cash used of $31,500. O c. net cash used of $17,000. OD. net cash used of $6,500. i Data Table Freeman's Income Statement for 2018 $ Sales revenue 195,000 Gain on sale of equipment 6,500 . $ 201,500 124,000 Cost of goods sold Depreciation 4,500 25,000 Other operating expenses 153,500 48,000 Net income * The book value of equipment sold during 2018 was $25,000. Print Done * Data Table 2018 Cash $ Freeman's Comparative Balance Sheets December 31, 2018 and 2017 2018 2017 $ 8,000 $ 1,500 Accounts payable 9,500 14,500 Accrued liabilities 12,500 11,500 Common stock 92,000 73,000 Retained earnings $ 122,000 $ 100,500 5,000 $ 7,000 Accounts receivable 2017 6,000 6,000 13,000 75,500 Inventory 26,000 84,000 Plant and equipment, net $ 122,000 $ 100,500 Print Done