A company has a net cash inflow from operating activities of $808,000, a net cash outflow of $88,000 from investing activities and a net cash inflow of $102,300 from financing activities. The company paid $143,000 in interest, $196,000 in income taxes, and $219,000 in cash dividends. Which of the following statements about the statement of cash flows is not correct?

Multiple Choice

The statement of cash flows will show a net increase in cash and cash equivalents of $822,300.

The cash dividends of $219,000 paid will be reported as a cash outflow in the cash flow from investing activities section.

If the direct method is used, the $143,000 of interest paid and the $196,000 of income taxes paid will be reported in the cash flows from operating activities.

Supplemental disclosures required for a company using the indirect method include the amount of interest and the amount of income taxes paid.