Buffalo Corporation had the following 2017 income statement.

Revenues	$109,000
Expenses	65,000
Total	$44,000

In 2017, Buffalo had the following activity in selected accounts.

Accounts Receivable

1/1/17	19,000
Revenues	109,000

Write-offs	900
Collections	95,000

12/31/17

32,100

Allowance for Doubtful accounts

Write-offs

900

1/1/17	1,100
Bad debt expense	1,700
12/31/17	1,900

Prepare Buffalos cash flows from operating activities section of the statement of cash flows using the direct method.

Buffalo Corporation Statement of Cash Flows-Direct Method (Partial) For the Year Ended Dec. 31, 2017

(b) Prepare Buffalos cash flows from operating activities section of the statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

Buffalo Corporation Statement of Cash Flows-Direct Method (Partial) For the Year Ended Dec. 31, 2017