Which statement is false? The statement of cash flows is a basic financial statement required by GAAP. One purpose of the statement of cash flows is to predict future cash flows. The statement of cash flows includes operating, investing, and equity sections. e A statement of cash flows is dated for a period of time as opposed to a specific date. Twitty Company sold a piece of equipment at a gain of $3,600. The equipment was purchased several years ago at a cost of $70,500 and had been depreciated a total of $52,900. Using the indirect method, what amount is reported in the operating section of the statement of cash flows? $0 e ($3,600) $3,600 $49.300 None of these answers $14.000