The focus of the worksheet approach to a statement of cash flows is directed towards the: a. columns for the analysis of transactions. b. noncash items of a balance sheet. c. opening balances of a balance sheet column. d. closing balances of a balance sheet column. Which of the following statements is true of a decrease in inventory? a. It represents a cash outflow. b. It decreases operating cash flows. c. It decreases the cash from investing activities. d. It is included in cost of goods sold. During the year, Coral Inc. sold equipment with a book value of $19,600 for $14,900 (original purchase cost of $25,200). Identify a true statement about the gain loss on the sale of equipment. a. 54,700 gain on sale of equipment is reported under cash flow from investing activities. b. $10,300 loss on sale of equipment is reported under cash flow from investing activities C. $4,700 loss on sale of equipment is reported under cash flow from investing activities d. $10,300 gain on sale of equipment is reported under cash flow from financing activities