Question 23 070.4 points A company uses the indirect method to prepare the statement of cash flows. It sold a price of equipment at a gain of $8,600. The equipment was purchased several years ago for $70,500 and had accumulate depreciation of $56,900. What is reported under the operating activities section on the statement of cash flows? The gain of $8,600 is subtracted from net income The gain of $8,600 is added to net income Cash proceeds of $22,200 are added to net income Cash proceeds of $22,200 are subtracted from net income