A company bought $1,200,000 of equipment with an expected life of 29 years and no residual value. After 25 years the company sold the equipment for $130.500 if the company uses straight-line depreciation and indirect method is used to determine cash flows from operating activities, which of the following reflects how the sale of the equipment would be reported in the statement of cash flows? Multiple Choice C $20.500 recorded as a chinflow from investing activities and $35.017 added to convent not come to encash how givided by opting activities $10,500 is recorded as a cash inflow from operating activities 300 500 a recended as a cash afow from investing activities and no other sections of the statement are affected $130.500 is recorded as a ch inflow from investing actiutes and $35.017 sceacted to convert net income net cash Sow provided by open cavities