Atkins Corporation has provided the following information for the year ended December 31,2014 . - The equipment account balance increased $200,000. - The equipment accumulated depreciation account increased $35,000. - Equipment costing $50,000 was sold during the year resulting in a $10,000 gain. - Depreciation expense recorded on the equipment during the year was $65,000. 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 $30,000 cosh inflow is reported from the equipment sale. A $30.000 cash inflow is reported from the equipment sale. Using the indirect method, net income is increased by the $65,000 depreciation expense. Using the indirect method, net income is decreased by the $10,000 gain on the sale of the equipment. A $60,000 cosh inflow is reported from the equipment sale