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

MARIGOLD INC. COMPARATIVE BALANCE SHEET ACCOUNTS AS OF DECEMBER 31, 2020 AND 2019
		December 31
Debit Accounts		2020		2019
Cash		$42,300		$33,500
Accounts Receivable		70,600		59,900
Inventory		30,300		24,000
Equity investments		22,300		38,200
Machinery		29,900		18,700
Buildings		67,300		56,200
Land		7,600		7,600
		$270,300		$238,100
Credit Accounts
Allowance for Doubtful Accounts		$2,300		$1,500
Accumulated DepreciationMachinery		5,700		2,300
Accumulated DepreciationBuildings		13,600		9,100
Accounts Payable		35,000		24,800
Accrued Payables		3,400		2,600
Long-Term Notes Payable		21,100		31,000
Common Stock, no-par		150,000		125,000
Retained Earnings		39,200		41,800
		$270,300		$238,100

Additional data (ignoring taxes):

1.		Net income for the year was $43,700.
2.		Cash dividends declared and paid during the year were $21,300.
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 $25,000 were sold during the year for $28,700. 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.

Marigolds 2020 income statement follows (ignoring taxes).

Sales revenue					$543,500
Less: Cost of goods sold					382,600
Gross margin					160,900
Less: Operating expenses (includes $8,650 depreciation and $5,824 bad debts)					120,100
Income from operations					40,800
Other: Gain on sale of investments		$3,700
Loss on sale of machinery		(800	)		2,900
Net income					$43,700

(a) Compute net cash flow from operating activities using the direct method.

Net cash flow from operating activities

$

(b) Prepare a statement of cash flows using the indirect method.