Comparativ batance sneet accounts or vaugnn inc, are presented Deiow. Land \begin{tabular}{rrr} $269,1007,600 & & 7,600 \\ \hline & & $38,700 \\ \hline \end{tabular} Credit Accounts Allowance for Doubtful Accounts Accumulated Depreciation-Machinery Accumulated Depreciation-Buildings Accounts Payable Accrued Payables 35,20024,700 Long-Term Notes Payable Common Stock, no-par 150,000125,000 Retained Earnings 38,10042,400 Additional data fignoring taxes): 1. Net income for the year was $41.700. 2. Cash dividends declared and paid during the year were $21,000. 3. A 20% stock dividend was declared during the year. 525.000 of retained earnings was capitalized. 4. Equity investments (level of ownership is less than 20% ) that cost $24.800 were sold during the year for $28,600 No unrealized gains and losses were recorded on these investments in 2020. 5. Machinery that cost $3,800, on which $750 of depreciation had accumulated, was sold for $2,250. Vaughn's 2020 income statement follows (ignoring taxes). (a) Compute net cash flow from operating activities using the direct method. (Enter negative amounts using either a negative sign preceding the number egi 45 or parentheses eg. (45).) (b) Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign eg - 15,000 or in parenthesises (15,000)d Adjustments to reconcile net income to $