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

KINGBIRD INC. COMPARATIVE BALANCE SHEET ACCOUNTS AS OF DECEMBER 31, 2020 AND 2019
		December 31
Debit Accounts		2020		2019
Cash		$42,200		$33,900
Accounts Receivable		71,100		59,600
Inventory		30,000		23,800
Equity investments		22,400		38,400
Machinery		30,200		18,600
Buildings		67,000		56,000
Land		7,500		7,500
		$270,400		$237,800
Credit Accounts
Allowance for Doubtful Accounts		$2,300		$1,600
Accumulated DepreciationMachinery		5,600		2,200
Accumulated DepreciationBuildings		13,400		9,100
Accounts Payable		34,800		24,600
Accrued Payables		3,400		2,600
Long-Term Notes Payable		20,900		31,200
Common Stock, no-par		150,000		125,000
Retained Earnings		40,000		41,500
		$270,400		$237,800

Additional data (ignoring taxes):

1.		Net income for the year was $44,400.
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 $25,100 were sold during the year for $28,100. 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.

Kingbirds 2020 income statement follows (ignoring taxes).

Sales revenue					$544,300
Less: Cost of goods sold					381,900
Gross margin					162,400
Less: Operating expenses (includes $8,450 depreciation and $5,327 bad debts)					120,200
Income from operations					42,200
Other: Gain on sale of investments		$3,000
Loss on sale of machinery		(800	)		2,200
Net income					$44,400

(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).)\

PLEASE SHOW WORK.