2TFIfa It a company is using the indirect method to prepare a statement of cash flow, the operating ontense would be added when reconciling net income to cash provided by If a company is using the indirect method to prepare a statement of cash flow, any gain on the sale of a long-term asset is subtracted when reconciling net income to cash provided by operating activities. ompany purchased equipment seven years ago at a cost of $60,000. In the current year, the company sold the equipment at a loss of $6,000. The equipment had accumulated depreciation of S$48,000 at the time of sale. If the company uses the indirect method to prepare a statement would be reported on the following sections, if any: A c of cash flow, what amounts Cecoo she,c-operating section Investing section OFinancing section inflow or outflow (circle the correct answer) inflow or outflow (circle the correct answer) inflow or outflow (circle the correct answer) 12 00 equpim cash recued o55 ,00 ero 000