Comparative balance sheet accounts of Baruch Company, for December 31, 2016 and 2017, are presented below: Additional Data (ignore taxes): 1. Net income for the year is $69,000. 2. Cash dividends declared during the year $47, 625. 3. A stock dividend was declared during the year. This resulted in retained earnings of $25,000 being capitalized. 4. Investments that cost $17, 250 were sold for $26,000. 5. Equipment that cost $5,000, and was one-fourth depreciated, was sold for $2,000. Baruch's 2017 income statement is as follows (ignore taxes): *(Includes $9, 125 of depreciation and $1,000 bad debts expense) Instructions: 1) Compute net cash provided by operating activities using the direct method. 2) Prepare a statement of cash flows using the indirect method