Visualize an average U$.$S$.$ manufacturing company, and think about its Statement of Cash Flows.

Statement $1$: The statement$$s Total Operating cash flow balance represents the amount of cash generated by a firm$$s normal business activities$$including the production, sales and delivery of the firm$$s goods or services and the collection of accounts receivable.

Statement $2$: Among the cash$-$generating or using activities that should be categorized as financing cash flows are the issuance of debt and equity securities$,$ the payment of dividends, and the repurchase of outstanding shares.

Statement $3$: Monies coming into the business are called cash outflows, and monies going out from the business are called cash inflows.

Statement $4$: Non$-$cash expenses$$such as depreciation or amortization expense$$should be classified as an operating expense, since the property or equipment that is depreciated is essential to the production process.

Statement $5$: Investing cash flows include the purchase or sale of a real or financial assets or loans made to suppliers or received from customers $($excluding accounts payable$).$

Which of the following selections relating to these statements is true?

a$.$ Statement $1,2,$ and $5$ are correct.

b$.$ Statements $3$ and $4$ are correct.

c$.$ Statements $1,2,3$ and $5$ are correct.

d$.$ All statements except Statement $3$ are correct.