two part question help please and thank you in advance =]

1 Required: What effect would each of the following transactions have on the statement of cash flows? 1. The sum of $16,000 in cash was received from the sale of used office equipment that originally cost $25,000. Depreciation of $12,000 had been taken on the asset up to the date of the sale. The resulting $3,000 gain was shown on the income statement. (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answers. Any boxes left with a question mark will be automatically graded as incorrect.) 3.33 points The $3,000 gain should be subtracted from net income in the operating section of the cash flow statement. eBook The $3,000 gain should be subtracted from net income in the financing section of the cash flow statement Hint The $3,000 gain should be subtracted from net income in the investing section of the cash flow statement. The $16,000 cash received is reported as a cash inflow in the investing section of the cash flow statement. Print The $16,000 cash received should be reported in the operating section of the cash flow statement. References The $16,000 cash received should be reported in the financing section of the cash flow statement. 2. The sum of $50,000 in cash was received from the sale of investments in the stock of another corpo The stock had a book value of $55,000. The $5,000 loss on the sale was shown on the income statement. (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answers. Any boxes left with a question mark will be automatically graded as incorrect.) The loss of $5,000 is added to net income in the operating section of the cash flow statement. The loss of $5,000 should be added to net income in the financing section of the cash flow statement. The loss of $5,000 should be added to net income in the investing section of the cash flow statement. The $55,000 cash received is reported as a cash inflow in the investing section of the cash flow statement The $55,000 cash received should be reported as a cash flow in the operating section of the cash flow statement. The $55,000 cash received should be reported as a cash flow in the financing section of the cash flow statement