please answer 7 and 8

7. On the statement of cash flows, under which activity would you find depreciation expense? a. Financing b. Operating c. Investing d. Depreciation does not belong on the statement of cash flows because it is a noncash expense 8. If the number of units per order is less than the economic order quantity, which of the following is true? a. The company must find an outside supplier to purchase more units b. Holding costs will increase and carrying costs will decrease c. Holding costs and ordering costs will decrease d. Carrying costs will increase with no changes to holding costs e. Holding costs will decrease and ordering costs will increase