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54. For 2020, FNL Corporation reported $21,500 of Income on an Equity Method Investment. During the same year, FNL received $1,500 in dividends from this

54. For 2020, FNL Corporation reported $21,500 of Income on an Equity Method Investment. During the same year, FNL received $1,500 in dividends from this investment. Assuming the company uses the indirect method to prepare the Statement of Cash Flows, what is the effect in the section of this investment on the Net Cash Flow from Operating Activities?

to. Dividend collection $20,000.

b. Dividend collection $1,500.

c. Collection of income on investment $20,000.

d. Collection of income on the investment $21,500.

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