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

PRONGHORN INC. COMPARATIVE BALANCE SHEET ACCOUNTS AS OF DECEMBER 31, 2017 AND 2016
		December 31
Debit Accounts		2017		2016
Cash		$42,300		$34,000
Accounts Receivable		70,600		59,600
Inventory		30,000		23,900
Equity investments		22,500		38,700
Machinery		29,700		18,600
Buildings		67,900		56,600
Land		7,500		7,500
		$270,500		$238,900
Credit Accounts
Allowance for Doubtful Accounts		$2,200		$1,500
Accumulated DepreciationMachinery		5,700		2,300
Accumulated DepreciationBuildings		13,600		8,900
Accounts Payable		34,800		24,500
Accrued Payables		3,300		2,700
Long-Term Notes Payable		21,200		31,200
Common Stock, no-par		150,000		125,000
Retained Earnings		39,700		42,800
		$270,500		$238,900

Additional data (ignoring taxes):

1.		Net income for the year was $43,100.
2.		Cash dividends declared and paid during the year were $21,200.
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 2017.
5.		Machinery that cost $3,700, on which $750 of depreciation had accumulated, was sold for $2,150.

Pronghorns 2017 income statement follows (ignoring taxes).

Sales revenue					$544,200
Less: Cost of goods sold					383,000
Gross margin					161,200
Less: Operating expenses (includes $8,850 depreciation and $5,733 bad debts)					121,000
Income from operations					40,200
Other: Gain on sale of investments		$3,700
Loss on sale of machinery		(800	)		2,900
Net income					$43,100

(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).)

(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).)