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Comparative balance sheet accounts of Flounder Company are presented below. Additional data: 1. Equipment that cost $10,100 and was 60% depreciated was sold in 2020

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Comparative balance sheet accounts of Flounder Company are presented below. 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 $34,600 were sold during the year. 5. There were no write-offs of uncollectible accounts during the year. Flounder's 2020 income statement is as follows. (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). (b) Prepare a statement of cash flows using the indirect method. (5how amounts that (3)

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