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

ORIOLE INC.

COMPARATIVE BALANCE SHEET ACCOUNTS

AS OF DECEMBER 31, 2020 AND 2019

December 31

Debit Accounts2020

2019

Cash$42,200

$33,900

Accounts Receivable71,100

60,200

Inventory30,100

24,100

Equity investments22,500

38,700

Machinery29,900

18,900

Buildings67,800

56,400

Land7,600

7,600

$271,200

$239,800

Credit AccountsAllowance for Doubtful Accounts$2,200

$1,500

Accumulated DepreciationMachinery5,700

2,300

Accumulated DepreciationBuildings13,600

9,000

Accounts Payable34,700

24,500

Accrued Payables3,500

2,600

Long-Term Notes Payable21,100

30,700

Common Stock, no-par150,000

125,000

Retained Earnings40,400

44,200

$271,200

$239,800

Additional data (ignoring taxes):

1.Net income for the year was $42,500.2.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 $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.

Oriole's 2020 income statement follows (ignoring taxes).

Sales revenue$538,000

Less: Cost of goods sold377,700

Gross margin160,300

Less: Operating expenses (includes $8,750 depreciation and $5,691 bad debts)120,800

Income from operations39,500

Other: Gain on sale of investments$3,800

Loss on sale of machinery(800

)3,000

Net income$42,500

(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)a statement of cash flows using the indirect method