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

MARCUS INC. COMPARATIVE BALANCE SHEET ACCOUNTS AS OF DECEMBER 31, 2014 AND 2013
December 31
Debit Accounts	2014	2013
Cash	$42,050	$34,060
Accounts Receivable	70,470	59,520
Inventory	29,440	24,030
Investments (available-for-sale)	22,300	38,440
Machinery	30,120	18,400
Buildings	67,850	55,860
Land	7,500	7,500
$269,730	$237,810
Credit Accounts
Allowance for Doubtful Accounts	$2,150	$1,480
Accumulated Depreciation?Machinery	6,460	2,010
Accumulated Depreciation?Buildings	13,550	8,980
Accounts Payable	35,550	24,100
Accrued Payables	3,302	2,851
Long-Term Notes Payable	21,480	30,900
Common Stock, no-par	150,600	125,400
Retained Earnings	36,638	42,089
$269,730	$237,810

Additional data (ignoring taxes):

1.	Net income for the year was $40,629.
2.	Cash dividends declared and paid during the year were $20,880.
3.	A 20% stock dividend was declared during the year. $25,200 of retained earnings was capitalized.
4.	Investments that cost $25,280 were sold during the year for $28,320.
5.	Machinery that cost $3,220, on which $788 of depreciation had accumulated, was sold for $1,624.

Marcus?s 2014 income statement follows (ignoring taxes).

Sales revenue	$539,317
Less: Cost of goods sold	380,450
Gross margin	158,867
Less: Operating expenses (includes $9,808 depreciation and $5,970 bad debts)	120,470
Income from operations	38,397
Other: Gain on sale of investments	$3,040
Loss on sale of machinery	(808	)	2,232
Net income	$40,629

(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).)

ALEXANDER CORPORATION Statement of Cash Flows For the Year Ended December 31, 2014 (Indirect Method)
	$
Adjustments to reconcile net income to
	$
	$