Pietro's Pizza purchased a new wood-burning pizza oven for $37,000. Pietro put $7,500 cash down and signed a long-term note for the balance. How would this transaction be reflected on the Statement of Cash Flows under the indirect method?
◦ A $7,500 outflow of cash in the operating section and a $29,500 outflow in the financing section.
◦ A $37,000 outflow of cash in the financing section.
◦ A $7,500 outflow of cash in the operating section and a $29,500 outflow in the investing section.
◦ A $7,500 outflow of cash in the investing section.