Question 1 2 pts Jane is using the direct method in her preparation of the Statement of Cash Flows. Which of the following statements are true? (mark the correct answers and leave the incorrect answers unmarked The direct method will show the readers of the financial statements where cash came from and where cash explicitly. The direct method jumps directly from the Net income to the Investing activities section but removes all of the non-cash items. Jane's Investing activities section will be different under the Direct method than it would be under the Indirect method. The total cash from operating activities will be the same whether Jane uses the direct or indirect methods to prepare the Statement of Cash flows. Most companics use the same method as Jane is using. Question 2 2 pts Which of the following items are added back to Net Income when the Indirect method is being used to prepare the Operating Activities section? Please mark the correct answers and leave the incorrect answers unmarked Depreciation expense Accumulated depreciation Bad Debt Expense O Accounts Receivable balance Loss on sale of equipment Gain on sale of equipment