Decide which of the following statements are true. 1. Depreciation is added back to net income as a step in determining cash from operating activities. II. Operating activities result from the cash effects of producing and delivering goods and services. III. When it comes to the Financing and Investing Activities sections of the Cash Flow Statement, there is no difference between the Direct and Indirect Method of Cash Flow Statement reporting. Select one: a. One is true. b. Two are true. c. All are true d. All are false