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 statementThe $3,000 gain should be subtracted from net income in the operating section of the cash flow statement. unanswered The $3,000 gain should be subtracted from net income in the financing section of the cash flow statement. unanswered The $3,000 gain should be subtracted from net income in the investing section of the cash flow statement. unanswered The $16,000 cash received is reported as a cash inflow in the investing section of the cash flow statement. The $16,000 cash received should be reported in the operating section of the cash flow statement. unanswered The $16,000 cash received should be reported in the financing section of the cash flow statement. expand_more edit