Which of the following is subtracted to net income as an adjustment under the indirect method of preparing the net cash flows for operating activities? Oo oo Increase Accounts Receivable Depreciation Expense Loss on the sale of equipment Increase Salaries Payable Question 23 2 pts Wiley Company purchased new equipment for $55,000. Wiley paid cash for the equipment. Other costs associated with the equipment were: shipping costs, $2,700; sales tax paid $2,500; and installation cost, $2,400. The cost recorded for the equipment was: $55,000 $62,600 $57.700 $60.200