Atkins Corporation has provided the following information for the year ended December 31, 2016: The equipment account balance increased by $222,000 from the beginning of the year to the end of the year . The equipment accumulated depreciation account balance increased by $37,200o from the beginning of the year to the end of the year. Equipment costing $54,400 was sold during the year resulting in a $13,300 gain. Depreciation expense recorded on the equipment during the year was $68,300 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. O A $67,700 cash inflow is reported from the equipment sale. O A $36,600 cash inflow is reported from the equipment sale O Using the indirect method, net income is increased by the $68,300 depreciation expense O Using the indirect method, net income is decreased by the $13,300 gain on the sale of equipment. References Learning Objective: 12-(SB) Adjustment for Gains and Losses on Sale of Long-Term Assets- Indirect Method Multiple Choice Difficulity: 3 Hard earning Objective 12-04 Report and interpret cash flows from investing activities Check my work