Ando Company sold some of its plant assets during 2017. The original cost of the plant assets was $500,000 and the accumulated depreciation at date...

a.) addition to net income of $25,000 for gain on sale and a $175,000 increase in cash flows from investing activities.

b.) addition to net income of $25,000 for loss on sale and a $150,000 for cash proceeds as an increase in cash flows from investing activities.

c.) subtraction from net income of $150,000 for cash proceeds and a $175,000 increase in cash flows from financing activities.

d.) addition of $150,000 for cash proceeds to net income.