Question 5 View Policies Current Attempt in Progress At January 1, 2020, Benny Enterprises reported a balance in the Equipment account of $45,000. During the year the company purchased equipment with a cost of $60,000 and sold equipment with a book value of $30,000. The company reported a loss on the sale of equipment of $4,000. Assume the indirect method is used. Determine what amount will be reported in the operating activities section. Operating Activities $ e Textbook and Media Determine what amount will be reported in the investing activities section with regard to the purchase and sale of equipment. Purchase of Equipment $ Sale of Equipment