Which of the following statements about the impact of leases on the statement of cash flows are true? (Select all that apply.) 

Check All That Apply 

1.The lessee reports cash payments for operating leases as cash flows from operating activities. 

2.The lessor reports cash payments for operating leases as cash flows from operating activities. 

3. The lessee reports cash payments for finance leases as cash flows from financing activities.

4. The lessor reports cash receipts from a sales-type lease as cash inflows from operating activities.