Comparative balance sheet accounts of Pronghorn Company are presented below. PRONGHORN COMPANY COMPARATIVE BALANCE SHEET ACCOUNTS AS OF DECEMBER 31 2017 2016 Cash $70,700 $50,900 Accounts Receivable 154,500 131,300 Inventory 75,000 61,600 Debt investments (available-for-sale) 55,200 84,600 quipment 69,700 47,600 dings Bu 144,200 144,200 Land 39,800 24,800 $609,100 $545,000 Totals Credit Balances Allowance for Doubtful Accounts $8,000 $9,900 Accumulated Depreciation-Equipment 20,800 13,800 Accumulated Depreciation-Buildings 37,300 28,100 Accounts Payable 66,700 59,700 Income Taxes Payable 11 900 9,900 Long-Term Notes Payable 62,000 70,000 Common Stock 310,000 260,000 Retained Earnings 90,500 95,500 $609,100 $545,000 Totals Additional data: 1. Equipment that cost $9,900 and was 60% depreciated was sold in 2017. Cash dividends were declared and paid during the year. 3. Common stock was issued in exchange for land nvestments that cost $34,600 were sold during the year. 5. There were no write-offs of uncollectible accounts during the year. Pronghorn's 2017 income statement is as follows. $951,100 Sales revenue Less: Cost of goods sold 603,200 Gross profit 347,900 Less: Operating expenses (includes depreciation expense and bad debt expense) 249,700 Income 98,200 om operations Other revenues and expenses $15,000 Gain on sale of investments Loss on sale of equipment 3,100 11,900 Income before taxes 110,100 45,300 income taxes $64,800 Net income (a) Compute net cash provided by operating activities under the direct method. (Enter negative amounts using either a negative sign preceding the number e.g. -15 or parentheses e.g. (45).) Net cash flow from operating activi es (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).)