5 Connect Assignmen Required What effect would each of the following transactions have on the statement of cash flows? 1. The sum of $16,000 in cash was received from the sale of used office equipment that orginally cost $25,000 Depreciation of $12.000 had been taken on the asset up to the date of the sale. The resulting $3,000 gain was shown on the income statement (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answers. Any boxes left with a question mark will be automatically graded as incorrect) The $3000 gem should be subbacted ton net income withe operating section of the cash tow statement The 53000 sube ubacted from net income in the financing section of the cash flow statement ethe vesting section of the can tow statement the $3.000 should s The $15,000 cash received reported as a cost The 17000 receved should b The $16,000 cave received und be is the investing section of the cash flow statement 2. The sum of $50,000 in cash was received from the sale of investments in the stock of another corporation The stock had a book value of $55,000 The $5,000 loss on the sale was shown on the income statement (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answers. Any boxes left with a question mark will be automatically graded as incorrect. DOOOOO E The 10 of 55.000 added to oet income as the operating section of the cash few statement The of $5000 thou added sat in the francin The loss of $5,000 shout be added to set dome in the investing section The 5000 can received is reported as a cach The $5,000 can receed should be reported a the $5000 carved out be reported a don of the cast tow