6) Poole Industries prepares its cash flow statement using the direct method. Poole sold equipment with a book value of $7,000 at a gain of $2,500. The amount to be reported on the cash flow statement under operating activities is: A) $9,500 B) $4,500 C) ($2,500) D) SO 7 Beginning and ending Retained Earnings are $120,010 and $160,000, respectively. Net income for the period is $150,000. How much are cash dividend payments? Note: The Company did not declare stock dividends. I A) $110,000 B) $130,010 C) $110,010 D) None of the above