to prepare the statement of cash flows. t sold a piece of equipment at a loss of $5.600. The equipment was purchased several A company uses the indirect method the statement years ago for $72,500 and had accumulated depreciation of $58,900. What is reported under the operating activities section on the statement of cash flows? O A. The loss of $5,600 is subtracted from net income. OB. The loss of$5.600 is added to net income O C. Cash proceeds of $8,000 are added to net income O D. Cash proceeds of $8,000 are subtracted from net income