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

INDIGO INC. COMPARATIVE BALANCE SHEET ACCOUNTS AS OF DECEMBER 31, 2020 AND 2019
		December 31
Debit Accounts		2020		2019
Cash		$41,900		$34,100
Accounts Receivable		70,400		60,300
Inventory		29,900		24,000
Equity investments		22,100		38,300
Machinery		30,200		18,900
Buildings		67,900		56,800
Land		7,400		7,400
		$269,800		$239,800
Credit Accounts
Allowance for Doubtful Accounts		$2,200		$1,500
Accumulated DepreciationMachinery		5,600		2,200
Accumulated DepreciationBuildings		13,400		8,900
Accounts Payable		35,300		24,700
Accrued Payables		3,400		2,600
Long-Term Notes Payable		21,000		30,800
Common Stock, no-par		150,000		125,000
Retained Earnings		38,900		44,100
		$269,800		$239,800

Additional data (ignoring taxes):

1.		Net income for the year was $40,900.
2.		Cash dividends declared and paid during the year were $21,100.
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 $3,700, on which $750 of depreciation had accumulated, was sold for $2,150.

Indigos 2020 income statement follows (ignoring taxes).

Sales revenue					$538,000
Less: Cost of goods sold					380,200
Gross margin					157,800
Less: Operating expenses (includes $8,650 depreciation and $5,364 bad debts)					119,900
Income from operations					37,900
Other: Gain on sale of investments		$3,800
Loss on sale of machinery		(800	)		3,000
Net income					$40,900

(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).)