A company uses the indirect method to prepare the statement of cash flows. It sold a piece of equipment at a gain of $6,600. The equipment was purchased several years ago for $74,500 and had accumulated depreciation of $57,900. What is reported under the operating activities section on the statement of cash flows? O A. Cash proceeds of $23,200 are added to net income. OB. The gain of $6,600 is added to net income. O C. The gain of $6,600 is subtracted from net income. OD. Cash proceeds of $23,200 are subtracted from net income