Comparative balance sheet accounts of Flounder Inc. are presented below.

FLOUNDER INC. COMPARATIVE BALANCE SHEET ACCOUNTS AS OF DECEMBER 31, 2020 AND 2019
		December 31
Debit Accounts		2020		2019
Cash		$41,900		$33,600
Accounts Receivable		70,600		60,500
Inventory		29,900		24,000
Equity investments		22,100		38,800
Machinery		30,300		18,700
Buildings		66,900		56,500
Land		7,600		7,600
		$269,300		$239,700
Credit Accounts
Allowance for Doubtful Accounts		$2,200		$1,500
Accumulated DepreciationMachinery		5,600		2,200
Accumulated DepreciationBuildings		13,700		9,000
Accounts Payable		35,300		24,700
Accrued Payables		3,400		2,600
Long-Term Notes Payable		20,800		31,200
Common Stock, no-par		150,000		125,000
Retained Earnings		38,300		43,500
		$269,300		$239,700

Additional data (ignoring taxes):

1.		Net income for the year was $40,700.
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 $24,900 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.

Flounders 2020 income statement follows (ignoring taxes).

Sales revenue					$535,200
Less: Cost of goods sold					377,900
Gross margin					157,300
Less: Operating expenses (includes $8,850 depreciation and $5,817 bad debts)					119,500
Income from operations					37,800
Other: Gain on sale of investments		$3,700
Loss on sale of machinery		(800	)		2,900
Net income					$40,700

(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. -15,000 or in parenthesis e.g. (15,000).)

		$