4. Presented below is the income statement of Lauren, Inc. for the year ended December 31, 2021: Sales $380,000 Cost of goods sold 225,000 Gross profit 155,000 Operating expenses 95,000 Income before income taxes 60,000 Income taxes 24,000 Net income $36,000 In addition, the following information related to current assets and liabilities is provided. 12/31/2021 12/31/2020 Cash 32,000 20,000 Accounts receivable (net) 65,000 55,000 Inventories 40,600 60,000 Salaries payable 15,000 23,000 Trade accounts payable 39,000 30,000 Income Tax Payable 15,000 18,000 The company also indicates that depreciation expense for the year was $13,700 (included in operating expenses). Required: a. Prepare a schedule computing the net cash flow from operating activities that would be shown on a statement of cash flows using the direct method. b. Prepare a schedule computing the net cash flow from operating activities that would be shown on a statement of cash flows using the indirect method.