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A company uses the indirect method to prepare the statement of cash flows. It sold a piece of equipment at a loss of $5,600. The equipment was purchased several years ago for $75,500 and had accumulated depreciation of $59,900. What is reported under the operating activities section on the statement of cash flows? A. The loss of 55,600 is sublracted from net income. B. Cash proceeds of $10,000 are added to net income, C. Cash proceeds of $10,000 are subtracted from net income. D. The loss of $5.600 is added to net income