BE23.9 (LO 2, 3) Colbert Corporation had the following 2020 income statement. Revenues $100,000 Expenses 60,000 Net income $ 40,000 In 2020, Colbert had the following activity in selected accounts. Accounts Receivable Allowance for Doubtful Accounts 1/1/20 20,000 1,200 1/1/20 Revenues 100,000 1,000 Write-offs Write 1,000 1,840 Bad debt expense 90,000 Collections 12/31/20 29,000 2,040 12/31/20 Prepare Colbert's cash flows from operating activities section of the statement of cash flows using (a) the direct method and (b) the indirect method. offs