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Comparative balance sheet accounts of Coronado Inc, are presented below. Additional data (ignoring taxes): 1. Net income for the year was $41,700. 2. Cash dividends

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Comparative balance sheet accounts of Coronado Inc, are presented below. Additional data (ignoring taxes): 1. Net income for the year was $41,700. 2. Cash dividends declared and paid during the year were $20,900. 3. A 20% stock dividend was declared during the year, $25,000 of retained earnings was capitalized. 4. Equity investments (level of ownership is less than 20% ) that cost $25,200 were sold during the year for $29,000. 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. Coronado'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 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

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