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

NASH INC. COMPARATIVE BALANCE SHEET ACCOUNTS AS OF DECEMBER 31, 2020 AND 2019
		December 31
Debit Accounts		2020		2019
Cash		$42,400		$33,700
Accounts Receivable		70,500		60,500
Inventory		30,200		23,800
Equity investments		22,300		38,100
Machinery		30,300		18,700
Buildings		67,800		56,100
Land		7,500		7,500
		$271,000		$238,400
Credit Accounts
Allowance for Doubtful Accounts		$2,300		$1,500
Accumulated DepreciationMachinery		5,600		2,200
Accumulated DepreciationBuildings		13,500		8,900
Accounts Payable		34,700		24,800
Accrued Payables		3,400		2,700
Long-Term Notes Payable		21,000		31,200
Common Stock, no-par		150,000		125,000
Retained Earnings		40,500		42,100
		$271,000		$238,400

Additional data (ignoring taxes):

1.		Net income for the year was $44,300.
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 $24,800 were sold during the year for $28,600. 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.

Nashs 2020 income statement follows (ignoring taxes).

Sales revenue					$544,600
Less: Cost of goods sold					383,300
Gross margin					161,300
Less: Operating expenses (includes $8,750 depreciation and $5,217 bad debts)					120,000
Income from operations					41,300
Other: Gain on sale of investments		$3,800
Loss on sale of machinery		(800	)		3,000
Net income					$44,300

(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).)

(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).) NASH INC. Statement of Cash Flows December 31, 2020 (Indirect Method) Cash Flows from Operating Activities Net Income $ Adjustments to reconcile net income to Loss on Sale of Machinery Increase in Accounts Payable Decrease in Accrued Payables > > Cash, December 31, 2020 $