1. For each dom, indicate which section of the statement should contain the tem-the operating inversting or fnancing section Also, indicate whethor Verizon uses the direct or indirect method for reporting cash fows from operating actite Statement of Cash Flows Section Operating Cash Flow item a Not income b Dividends paid C Proceeds from long-term borrowings d Capital expenditures e Proceeds from sale of common stock Financing Investing Financing capital expenditures dividends paid not income proceeds from long-term borrowings proceeds trom the sale of common stock Retirements of long-term borrowings g Change in inventories h. Depreciation and amortization oxpense Operating [ Operating Investing Proceeds from dispositions (of assets) and Verizon must use the direct method for reporting cash flows from operating activities because appear in the body of the statement of cash flows Requirement For each tem, indicate which section of the statement should contain the tem-the operatinginvesting or inancing section Also, indicate whether Verizon uses the direct or indirect method for teporting cash flows from operating actiwibes Statement of Cash Flows Section Operating Cash Flow Item a Net income b Dividends paid C Proceeds from long-term borrowings d Capital expenditures e Proceeds from sale of common stock Financ Financing change in inventories depreciation and amortization expense proceeds from disposition [of assets retirements of long-term borrowings Oper atir Operating Investing and ling cash flows from operating activities because appear in the body of the statement of cash flows