Determining net income ftom net cash flows from operating actovities Curwen the, reported net cash flows from operating activities of $187,100 on is statement of cash flows for the year ended December J1. The follawing information was reported in the "Cosh flows from (used for) operatiog activities" section of the statement of cash flows, using the indirect merhod: a. Determine the net income reported by Curwen tinc, for the vear ended December 31 3. b. Curwen's net income is different than net cash forw from eperating activeties, Which of the following could possibly be the reason for such difference? a. Because deprecimicon expense which has no effect an cash fows from operating activities: b. Changes in current operating assets and liabilities that are added or deducted. c. Changes in fixed assets and liabilites that are added or decucted: d. Gain from sales of investment is included in net incorne whlle the sales proceeds are added in operating activibes of cash fiow statements