Given the following income statement and balance sheet data, select which items would be included in presenting the cash flow from operating activities section of the statement of cash flows using the indirect method: Income Statement ($ millions) Sales Less: Cost of goods sold Gross profits Less: Cash operating expenses Less: Depreciation expense Less: Amortization expense Operating profits (EBIT) Less: Interest expense Equity in earnings (loss) of affiliate Gain (loss) on sale of fixed assets Earnings before tax expense Income tax expense Net income 2020 $40,000 21,600 18,400 12,400 1,100 120 4,780 300 40 80 4,600 900 $3,700 Change $100 $460 ($230) ($130) Change ($320) $430 ($270) $40 Balance Sheet ($ millions) Cash & equivalents Net receivables Inventories Prepaid expenses Total current assets Net property, plant, and equipment Investments in affiliates Goodwill Other long-term assets Total assets 2020 $600 3,500 6,700 750 11,550 12,220 180 840 210 $25,000 2019 $500 3,040 6,930 880 11,350 11,650 160 550 290 $24,000 2020 Accounts payable $1,730 Other accrued expenses 2,480 Short-term debt 270 Other current liabilities 520 Total current liabilities 5,000 Long-term debt 4,680 Deferred taxes 910 Other long-term liabilities 1,950 Total stockholders' equity 12,460 Total liabilities and equity $25,000 2019 $2,050 2,050 540 480 5,120 4,450 870 2,700 10.860 $24,000 $570 $20 $230 $40 ($750) $1,600 $290 ($80) add back depreciation expense of $1,100 subtract depreciation expense of $1,100 add back amortization of intangible assets of $120 subtract amortization of intangible assets of $120 add change in receivables of $460 subtract change in receivables of $460 add change in inventories of $230 subtract change in inventories of $230 add change in prepaid expenses of $130 subtract change in prepaid expensese of $130 add change in other long-term assets of $80 subtract change in other long-term assets of $80 add change in accounts payable of $320 subtract change in accounts payable of $320 add change in accrued expenses of $430 subtract change in accrued expenses of $430 add change in deferred taxes of $40 subtract change in deferred taxes of $40 add back interest expense of $300 add gain on sale of fixed assets of $80 subtract gain on sale of fixed assets of $80 U