Comparative balance sheet accounts of Indigo Company are presented below. INDIGO COMPANY COMPARATIVE BALANCE SHEET ACCOUNTS AS OF DECEMBER 31 Debit Balances 2020 2019 Cash $69,900 $51,300 Accounts Receivable 155,600 131,300 Inventory 75,300 61,000 Debt investments (available-for-sale) 55,100 85,000 Equipment 69,700 47,500 Buildings 146,300 146,300 Land 40,400 24,800 Totals $612,300 $547,200 Credit Balances Allowance for Doubtful Accounts $10,100 $8,000 Accumulated DepreciationEquipment 21,000 13,900 Accumulated DepreciationBuildings 37,100 28,100 Accounts Payable 66,600 59,700 Income Taxes Payable 12,100 10,100 Long-Term Notes Payable 62,000 70,000 Common Stock 310,000 260,000 Retained Earnings 93,400 97,400 Totals $612,300 $547,200 Additional data: 1. Equipment that cost $9,900 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 $35,100 were sold during the year. 5. There were no write-offs of uncollectible accounts during the year. Indigos 2020 income statement is as follows. Sales revenue $948,600 Less: Cost of goods sold 599,500 Gross profit 349,100 Less: Operating expenses (includes depreciation expense and bad debt expense) 250,300 Income from operations 98,800 Other revenues and expenses Gain on sale of investments $14,900 Loss on sale of equipment (2,900 ) 12,000 Income before taxes 110,800 Income taxes 45,000 Net income $65,800

(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).)