On September $30,$ Year $7,$ Pristine Enterprises sold a large piece of equipment to Caliente Company for $$60,000.$ Caliente paid $$6,000$ as a down payment and agreed to make annual payments of $$3,600$ plus interest starting in Year $8.$ The equipment was originally purchased by Pristine on October $1$ of Year $1$ for $$300,000.$ It was expected to have a useful life of $8$ years. Pristine uses the straight line method of depreciation. How would the equipment sale be reported in Pristine's Statement of cash flows for Year $7?$

Select one:

a$.$

$$15,000$ subtracted from net income in operating activities section; $$6,000$ reported as a cash inflow in investing activities section; $$54,000$ reported as cash outflow in financing activities section.

b$.$

$$6,000$ positive impact on investing activities total; $$54,000$ disclosed as a nonoperating investing activity.

c$.$

$$15,000$ added to net income in operating activities section; $$6,000$ reported as a cash inflow in investing activities section; $$54,000$ disclosed as a nonoperating investing activity.

d$.$

$$15,000$ added to net income in operating activities section; $$60,000$ reported as a cash inflow in investing activities section; $$54,000$ reported as cash outflow in financing activities section.

e$.$

$$15,000$ subtracted from net income in operating activities section; $$60,000$ reported as a cash inflow in investing activities section; $$54,000$ reported as cash outflow in financing activities section.