Which of the following is true of the treatment of depreciation expense in preparing a statement of cash flows? a. It is shown as part of cash outflow for investing activities. b. It is added back to net income to produce operating cash flow. c. It is deducted from investing cash flows as it involves an outlay of cash. d. It is added back to net income to arrive at financing cash flows. Which of the following is an adjustment to be made to net income to arrive at the operating cash flow while following the indirect approach? a. Add to net income any decreases in current liabilities. b. Subtract from net income any increase in long-term liabilities. c. Eliminate income that belongs to the investing or financing section. d. Add to net income any increases in non-cash current assets. Calculate the change in cash from the following information: Cash balance on December 31, 20X1 Cash balance on December 31, 20X2 Cash inflow from operating activities Cash outflow due to operating activities Cash inflow from financing activities $95,000 $216,000 $136,000 $74,000 $116,000 a. $183,000 b. $190,000 c. $62,000 d. $121,000