Comparative balance sheet accounts of Bonita Company are presented below.

BONITA COMPANY COMPARATIVE BALANCE SHEET ACCOUNTS AS OF DECEMBER 31
Debit Balances		2020		2019
Cash		$69,700		$50,500
Accounts Receivable		154,000		130,000
Inventory		75,600		61,100
Debt investments (available-for-sale)		55,500		85,500
Equipment		69,500		48,100
Buildings		145,300		145,300
Land		39,900		24,800
Totals		$609,500		$545,300
Credit Balances
Allowance for Doubtful Accounts		$10,100		$8,000
Accumulated DepreciationEquipment		20,800		14,000
Accumulated DepreciationBuildings		37,100		28,300
Accounts Payable		65,500		59,500
Income Taxes Payable		11,900		10,000
Long-Term Notes Payable		62,000		70,000
Common Stock		310,000		260,000
Retained Earnings		92,100		95,500
Totals		$609,500		$545,300

Additional data:

1.		Equipment that cost $10,100 and was 60% depreciated was sold in 2020.
2.		Cash dividends were declared and paid during the year.
3.		Common stock was issued in exchange for land.
4.		Investments that cost $34,800 were sold during the year.
5.		There were no write-offs of uncollectible accounts during the year.

Bonitas 2020 income statement is as follows.

Sales revenue					$949,800
Less: Cost of goods sold					600,100
Gross profit					349,700
Less: Operating expenses (includes depreciation expense and bad debt expense)					250,100
Income from operations					99,600
Other revenues and expenses
Gain on sale of investments		$14,900
Loss on sale of equipment		(3,000	)		11,900
Income before taxes					111,500
Income taxes					45,000
Net income					$66,500

(a) Compute net cash provided by operating activities under the direct method. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

Net cash flow from operating activities

$

(b) Prepare a 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).)

BONITA COMPANY Statement of Cash Flows

		$
Adjustments to reconcile net income to

	$

		$

$