Current Attempt in Progress

A flood damaged a building and its contents. The receipts from insurance companies totaled $$610000,$ which was $$188000$ less than

the book value of the assets. The tax rate is $20\%.$ On the statement of cash flows $($indirect method$),$ the receipts from insurance

companies should

be reported as an addition to net income of $$422000.$

not be reported.

be reported as an inflow from investing activities of $$610000.$

be reported as an inflow from investing activities of $$422000.$