The Following Information Was Extracted from the Records of Ustinof $\blacktriangleright$

The following information was extracted from the records of Ustinof Limited
$\blacktriangleright$ Opening balance of Equipment, $360 000
$\blacktriangleright$ Closing balance of Equipment, $400 000
$\blacktriangleright$ Cost of new Equipment, $80 000
$\blacktriangleright$ Proceeds from sale of Equipment, $6000 (Cost $40 000; Carrying amount $10 000)
The total cash flows from investing activities is determined as

A) $40 000 cash outflow
B) $74 000 cash outflow
C) $76 000 cash outflow
D) $80 000 cash outflow.