Are my cash flow statements correct following the instructions?

The IN Crowd Inc. Statement of Cash Flows- Direct Method Year Ended December 31, 2015 Operating Activities Cash Receipts from Customers Cash Payments To Suppliers For Operating Expenses To employees For Interest For Income Tax For Prepaid Expenses Net Cash Provided for Operating Activities Investing Activities Disposal of Machinery Purchase of Machinery Net cash used by investing activities Financing Activities Payments of Dividends Net cash used by financing activities Net Cash Increase Cash January 1 Cash December 31 152,900 (39,000) (21,000) (66,000) (500) (2,000) (500) 23,900 2,000 (10,000) (8,000) (5,000) (5,000) 10,900 (5,000) 5,900 The IN Crowd Inc. Statement of Cash Flows- Indirect Method Year Ended December 31, 2015 Operating Activities Profit 15,500 Adjustments to reconcile Profit to net cash Depreciation Expense Increase in Accounts Receivable Decrease in Merchandise Inventory Increase in prepaid expenses Increase in accounts payable Increase in income tax payable Increase in Salaries Payable Decrease in bank loan payable Net Cash Provided by operating activities 26,900 5,000 (4,100) 2,000 (500) 7,000 1,000 3,000 (2,000)