If a gain of $7,000 results from selling (for cash) office equipment having a book value of $55,000, the amount reported in the cash flows from operating activities section of the statement of cash flows using the indirect method is a. $55,000. b. $62,000. c. $7,000. Od: $48,000. If a gain of $7,000 results from selling (for cash) office equipment having a book value of $55,000, the amount reported in the cash flows from operating activities section of the statement of cash flows using the indirect method is a. $55,000. b. $62,000. c. $7,000. Od: $48,000