An accountant for Southern Manufacturing Companies (SMC) computed the following information by making comparisons between SMC's Year 1 and Year 2 balance sheets. Further information was determined by examining the company's Year 2 income statement Required For each item described in the the list below indicate whether the amount should be added to or subtracted from the amount of net income when determining the amount of net cash flow from operating activities using the indirect method. Also identify any items that do not affect net cash flow from operating activities because they are reported as investing or financing activities. The amount of cash dividends paid to the stockholders The amount of a decrease in the balance of an Unnamed Revenue The amount of an increase in the balance of an inventory court The amount of an increase in the balance of a Land account The amount of a decrease in the balance of a Prepaid Rent account The amount of an increase in the balance of a Treasury Stock at our Ibe amint of an increase in the balance of the Aco Rocha Ricevate 5 u l The amount of an increase in the balance of the Other O The amount of a decrease in the balance of the Bands P ng Epe Pa ole 11 The amount of depreciation Expenseshown on the in s taller Next > Check my Alfonza Incorporated presents its statement of cash flows using the indirect method. The following accounts and corresponding balances were drawn from the company's Year 2 and Year 1 year end balance sheets Accounts receivable Accounts payable Year 2 $13,eee 8.550 Yes $20.480 9.750 The Year 2 income statement showed net income of $28.700. Required a. Prepare the operating activities section of the statement of cash flows. (Amounts to be deducted should be indicated with a minus sign.) Cash flows from operating activities Net cash flow from operating activities (2) AD Expert Electronics, Inc (EEI) recognized 57700 of sales revenue on account and collected $4,700 of cash from accounts receivable Further. El recognized $3.500 of operating expenses on account and paid $2,000 cash as partial settlement of accounts payable Required Based on this information alone . Prepare the operating activities section of the statement of cash flows under the direct method. (Amounts to be deducted should be indicated with a minus sign) Operating Activities - Direct Method Cash Bows from operating activities Net cashow from operating actives b. Prepare the operating activities section of the statement of cash flows under the indirect method (Amounts to be deducted should be indicated with a minus sign.) Operating Activities - Indirect Method Cash flows from operating activities Net cash flow from operating activities