Nelson Company Collected the Following Data in Its Accounting Records

Multiple Choice

Nelson Company collected the following data in its accounting records in 20X7: $\begin{array}{|l|r|}\hline \text { Income Statement } & \\\hline \text { Depreciation expense } & \$ 1,000 \\\text { Loss on sale of equipment } & \$ 3,000\\\hline \\\hline \text { Statement of Financial Position } & \\ \hline \text { Beginning balance - equipment } & \$ 12,500 \\\hline \text { Ending balance - equipment } & \$ 8,000 \\\hline \text { Beginning balance - accumulated depreciation } & \$ 2,000 \\\hline \text { Ending balance - accumulated depreciation } & \$ 2,400 \\\hline\end{array}$
No new equipment was purchased during the year. What was the cash inflow from the sale of equipment in 20X7?

A) $600.
B) $900.
C) $1,000.
D) $3,900.