Assume that equipment is sold at a gain during the year. How are the cash proceeds and the gain realized in this transaction shown on the statement of cash flows prepared under the indirect method? The cash received would be reported as an adjustment to net income; the gain The cash received would be reported under the Investing Activities section; the The cash received would be reported under the Investing Activities section; the The cash received would be reported under the Investing Activities section; and A) would not appear on the statement of cash flows. B) gain would not appear on the statement of cash flows. C) gain would be added to net income in the Operating Activities section. D) the gain would be deducted from net income in the Operating Activities