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

SANDHILL INC. COMPARATIVE BALANCE SHEET ACCOUNTS AS OF DECEMBER 31, 2020 AND 2019
		December 31
Debit Accounts		2020		2019
Cash		$42,300		$33,700
Accounts Receivable		70,000		60,400
Inventory		30,300		24,100
Equity investments		22,000		38,700
Machinery		29,900		18,900
Buildings		67,000		56,100
Land		7,600		7,600
		$269,100		$239,500
Credit Accounts
Allowance for Doubtful Accounts		$2,200		$1,500
Accumulated DepreciationMachinery		5,600		2,300
Accumulated DepreciationBuildings		13,300		9,000
Accounts Payable		35,000		25,000
Accrued Payables		3,400		2,600
Long-Term Notes Payable		21,000		30,600
Common Stock, no-par		150,000		125,000
Retained Earnings		38,600		43,500
		$269,100		$239,500

Additional data (ignoring taxes):

1.		Net income for the year was $41,300.
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 $25,200 were sold during the year for $28,900. 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.

Sandhills 2020 income statement follows (ignoring taxes).

Sales revenue					$534,300
Less: Cost of goods sold					376,200
Gross margin					158,100
Less: Operating expenses (includes $8,350 depreciation and $5,076 bad debts)					119,700
Income from operations					38,400
Other: Gain on sale of investments		$3,700
Loss on sale of machinery		(800	)		2,900
Net income					$41,300

(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).)