Poole Industries prepares its cash flow statement using the direct method. Poole sold equipment with a book value of $7.000 at a gain of $2.500. Is the transaction an operating activity? so, what is the amount to be reported on the cash flow statement under operating activities? OA. Yes, $2,500 OB. Yes, $9,500 OC. Yes, $7,000 OD. No, this is not an operating activity Salary expense on the income statement was $264,780 for the year ended December 31, 2020 The salary payable account decreased $24,370 during the same time period. What is the amount of cash payments to employees that should be reported on the direct method cash flow statement for the year ended December 31, 20207 OA. $264,780 OB. $240,410 C. So OD. $289,150 Quincy Industries began the year with $46,700 in accounts receivable and ended the year with $31,900 in accounts receivable. If sales for the year were $687,000, the cash collected from customers during the year amounted to OA. $655,100 OB. $733,700 OC. $672,200 OD. $701,800