The following information is provided for Vale Inc. Other information Equipment with an original...

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Accounting

The following information is provided for Vale Inc.
Other information
Equipment with an original cost of $60,000 and accumulated depreciation of $40,000 was sold for $45,000 cash.
Assume there is no bad debt expense.
Required
a. Prepare the operating activities section of the statement of cash flows using the direct method.
b. Prepare the operating activities section of the statement of cash flows using the indirect method.
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