The following items affected the retained earnings account for 2020 for Walker Inc. 1. Net loss, $15,000. 2. Cash dividend distributed, $3,000. 3. Stock dividend, $5,000 (1,000 shares, $1 par value common stock). 4. Property dividend, $4,000 (100 shares of common stock held as an investment). 5. Sale of treasury shares for $5,000, previously purchased for $6,000. Which of the following is true assuming that Walker uses the indirect method in presenting cash flows from operating activities. a) A distributed cash dividend ($3,000) would be an addition in the financing section. b) A property dividend (decrease in assets, increase in equity) is shown in operating activities c) A stock dividend (stock issued to shareholders) does not affect the Statement of Cash Flows d) The sale of treasury shares will be a use of cash in the financing activities