During two recent years Perez Construction, Inc., disposed of the following plant and equipment: Year 1 Year 2 Plant and equipment (at cost) $ 76,600 $ 16,700 Accumulated depreciation on equipment disposed of 43,585 5,373 Cash received 21,064 15,363 Gain (loss) on sale (11,951 ) 4,036 Required: 1. Determine the cash flow from the sale of property for each year that would be reported in the investing activities section of the cash flow statement. (Cash outflows should be indicated with a minus sign) 2. Perez uses the indirect method for the operating activities section of the cash flow statement. What amounts related to the sales would be added or subtracted in the computation of Net Cash Flows from Operating Activities for each year? (Amounts to be deducted should be indicated with a minus sign.)