Stady I Guided and Study Help Caloulator The following two scenanios are independent of one another. 1. An analysis of the general ledger accounts indicates that office equipment was sold for $39,600 during the year. The equipment originally cost $68,000 and had accumulated depreciation of $22,500 on the date of sale. Indicate how the elements of this transaction would be reported on the statement of cash flows using the indirect method Cash flows from operating activities: Cash flows from investing activities 2. An analysis of the general ledger accounts indicates that delivery equipment, which cost $97,000 and on which accumulated depreciation totaled $42,100 on the date of sale, was sold for $57,500 during the year Using this information, indicate the items to be reported on the statement of cash flows Cash flows from operating activities: Cash flows from investing activities Ned work saved