4. During three recent years A. Klein, Inc., disposed of the following plant and equipment: Year 3 Year 2 Plant and equipment (at cost) $54,000 $ 8,000 Year 1 $11,000 Accumulated depreciation on equipment disposed of Cash received 29,594 3,691 9,203 14,768 11,623 1,797 (a) Calculate the cash flows from the sale of the property for each year. In what section will this be reported on the statement of cash flows? Inflow or outflow? (b) What will Klein report in the Operating Activities section of the statement of cash flows? Klein uses the indirect method.