The following balance sheet and income statement data were taken from the records of Steeler and Jones for the year ended December 31, 2018:Prepare the operating section of the statement of cash flows, and present it under both the direct and indirect methods.

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2018 2017 BALANCE SHEET $ 7,400 $ 6,400 Cash Accounts receivable 11,900 13,000 Inventory 14,100 15,600 Prepaid rent 1,300 900 $ 36,900 $ 33,700 Total current assets 52,000 Equipment (net) 66,000 $ 85,700 $102,900 $ 14,600 Total $ 9,200 Accounts payable Salaries and wages payable 4,500 6,800 Interest payable 1,500 1,300 Unearned revenue 6,500 8,700 $ 21,700 $ 31,400 Total current liabilities Bonds payable (net) 16,500 24,300 25,000 Common stock 20,000 Retained earnings 22,200 27,500 $ 85,700 $102,900 Total INCOME STATEMENT $ 87,400 Sales revenues 46,700 Cost of goods sold $ 40,700 Gross profit Salaries and wage expense $(13,200) Rent expense (11,000) (1,900) Interest expense Depreciation expense (5,700) Gain on disposal of plant assets 5,200 $ 14,100 Net income before taxes Income tax expense 4,800 $ 9,300 Net income