In what section of the statement of cash flows is net income reported when the indirect method is used? O Financing Activities Noncash activities note o Operating Activities O Investing Activities When using vertical analysis, we express income statement items as a percentage of O Sales. O Gross profit. O Total assets. O Net income. The following is an example of: Cash Accounts receivable Inventory Long-term assets Total assets Year Increase (Decrease) 2020 2019 Amount % % $300,000 $800,000 ($500,000) (62.5) 500,000 200,000 300,000 150.0 800,000 700,000 100,000 14.3 3,400,000 2.300,000 1,100,000 47.8 $5,000,000 $4,000,000 $1,000,000 25.0 O Vertical analysis. O Both vertical and horizontal analysis. O Horizontal analysis. O Diagonal analysis