19. Reliance Corporation has provided the following information for the year ended December 31, 2016: The equipment account balance increased $216,000 The equipment accumulated depreciation account balance increased $36,600. Equipment costing $53,200 was sold during the year resulting in a $12,400 gain. Depreciation expense recorded on the equipment during the year was $66,600 Which of the following statements is correct with respect to determining cash flow from operating activities? O Using the indirect method, net income is increased by the $12.400 gain on the sale of the equipment Using the indirect method, net income is decreased by the $30,000 sales price of the equipment. O Using the indirect method, net income is increased by the $66,600 depreciation expense. O Using the indirect method, net income is increased by the $36,600increase in the accumulated depreciation account balance