$70,000 Sales Cost of goods sold Gross margin 30,000 Depreciation expense Other operating expenses Operating Income 15.000 Loss on sale of equipment Income before the / income tax expense / Net Income / Additional data on activities during 2019 are as follows . During 2019. Tortric Company sold used equipment for $1.000 that had cost $15.000 with counted depreciation of New equipment was purchased for $12,000 cash. Cash dividendosing $8.000 were paid Long-term investments that had cost $18.000 when purchased were sold for $18.000 Common shock was issued for $10.000 Required Prepare the operating activities section of the statement of cash flows using the direct method $70,000 Sales Cost of goods sold Gross margin 30,000 Depreciation expense Other operating expenses Operating Income 15.000 Loss on sale of equipment Income before the / income tax expense / Net Income / Additional data on activities during 2019 are as follows . During 2019. Tortric Company sold used equipment for $1.000 that had cost $15.000 with counted depreciation of New equipment was purchased for $12,000 cash. Cash dividendosing $8.000 were paid Long-term investments that had cost $18.000 when purchased were sold for $18.000 Common shock was issued for $10.000 Required Prepare the operating activities section of the statement of cash flows using the direct method