On May $1,2023,$ Woodhaven, Inc. purchased furniture and equipment with a four$-$year useful life for $$150,000.$ Woodhaven, Inc. uses the straight$-$line method of depreciation and has no estimated salvage value for these assets. On December $31,$ Woodhaven sold this furniture and equipment and recorded a loss on sale of $$10,000.$ What will Woodhaven record as the proceeds from this transaction in the statement of cash flows?

Select one:

a$.$ $$150,000$

b$.$ $$115,000$

c$.$ $$140,000$

d$.$ $$135,000$