Transcribed image text: Classifying a Sale of Equipment-Direct Method Frontier Company sold equipment on June 30, 2020, for $90,000. The equipment had been depreciated $4,500 for the first six months of 2020, contributing to an accumulated depreciation balance of $30,000 on June 30, 2020. The original cost of the equipment was $150,000. Indicate how the statement of cash flows would be impacted for the equipment for 2020 assuming the direct method in presenting cash flows from operating activities. Note: Indicate a subtraction in the statement of cash flows with a negative sign in the Amount column. Note: If an item is not included in the statement of cash flows, enter a zero (leave blank) in the Amount column and enter "N/A" in the Cash Flow Section column. Cash Flow Section Item Amount Proceeds from sale of equipment $ Depreciation expense $ Loss on sale of equipment $