Assume that economic pension expense equals 320 and contributions to the pension plan equals 200. Ignoring taxes, what adjustment, if any, is necessary to GDSs reported cash flow statement for analytical purposes?

Group of answer choices

For analytical purposes, the difference of 120 million should be treated as a loan (i.e. a cash inflow).

The 120 million is a non-cash expense and thus is not shown on the cash flow statement.

For analytical purposes, the difference of 120 million should be treated as a repayment of debt (i.e. a cash outflow).