Noel Corporation determines operating cash flows using the indirect method. E (Click the icon to view the income statement.) (Click the icon to view the balance sheet.) The carrying amount of equipment sold during 2017 was $19,000. What is Noel's net cash flow from investing activities for 2017? A. Net cash used of $48,500 B. Net cash provided of $27,000 C. Net cash used of $21,500 D. Net cash used of $27,000 Noel Corporation Income Statement for Year Ended December 31, 2017 Sales revenue ... $ 195,000 8,000 $ 203,000 117,000 Gain on sale of equipment Cost of goods sold. Depreciation. Other operating expenses.... Net income... 6,500 23,000 146,500 $ 56,500 Comparative Balance Sheet as at December 31, 2017 and 2016 Liabilities and Assets 2017 2016 2017 2016 Shareholders' Equity Accounts payable ...... $ Dash 6,000 $ 10,000 $ 11,000 4,500 15,000 Accounts receivable 9,000 Accrued liabilities 13,000 8,000 17,000 16,000 Common shares 16,000 8,000 nventory Plant and equipment, het.. 99,000 76,000 Retained earnings 92,000 84,500 $ 131,000 $ 111,500 $ 131,000 $ 111,500