Atkins Corporation has provided the following information for the year ended December 31, 2019: The equipment account balance increased by $216,000 from the beginning of the year to the end of the year. The equipment accumulated depreciation account balance increased by $36,600 from the beginning of the year to the end of the year. Equipment costing $53,200 was sold during the year resulting in a $12,400 gain. Depreciation expense recorded on the equipment during the year was $67,400. Which of the following statements is incorrect with respect to preparation of the statement of cash flows? Assume that the equipment purchase and sale resulted in cash flows. Multiple Choice A $65,600 cash inflow is reported from the equipment sale. A $34,800 cash inflow is reported from the equipment sale. o Using the indirect method, net income is decreased by the $12,400 gain on the sale of the equipment o o Using the indirect method, net income is increased by the $67,400 depreciation expense