On December 31, 2019, Canton Corp. acquired 30% of Williams Companys common stock for $1,375. On that date, the carrying value of Williams net assets and liabilities, which approximated fair value, was $5,500. Williams reported income of $600 for the year ended December 31, 2020. No dividend was paid on Williams common stock during the year.2. During 2020, Canton Corp. loaned $1,500 to Chase Company, an unrelated company. Chase made the first semiannual principal repayment of $150 on October 1, 2020.3. On January 2, 2020, Canton Corp. sold equipment with an original cost of $300 and with a carrying value of $175 for $245 cash.4. Canton Corp.s net income for 2020 was $2,713. 5. Compensation expense recorded on restricted stock awards for 2020 totaled $12.

Using Canton Corps information above, which of the following is true on the 2020 net cash flows from Operating activities?

	A.	Depreciation expense is $625 and is added back to NI
	B.	Gain on sale of equipment is $100 and is subtracted from NI in operating activities
	C.	Investment income is $180 and is subtracted from NI
	D.	a & b