Which of the following is incorrect with respect to the Statement of Cash Flows for a public college? Multiple Choice The direct method must be used 0 ) Cash purchases of capital assets are reported as outflows in the investing activities section 0 0 A reconciliation is required, reconciling operating income in the Statement of Revenues, Expenses, and Changes in Net Position to the cash flows provided (used) by operating activities 0 The statement is in the same format required for state and local governmental enterprise funds