Regarding the use of a spreadsheet for the preparation of the statement of cash flows, which of the following statements is incorrect? O A. The spreadsheet cannot be used for the direct method. OB. When companies face complex situations, a spreadsheet can help in preparing the statement of cash flows. OC. Accountants can prepare the statement of cash flows directly from the lower part of the spreadsheet OD. The spreadsheet starts with the beginning balance sheet and concludes with the ending balance sheet. Perez Biofuels Company is preparing its statement of cash flows using the indirect method. Refer to the following information: 1. Repayments on Long-term Notes Payable $61,000 2. New borrowing on Long-term Notes Payable $19,000 Which of the following statements is correct? O A. Net cash provided by financing activities is $42,000. O B . Net cash used for financing activities is $(42,000). O C. Net cash used for investing activities is $(61,000). OD. Net cash provided by investing activities is $42,000. Click to select your