Comparative balance sheet accounts of Sharpe Company are presented below.

SHARPE COMPANY COMPARATIVE BALANCE SHEET ACCOUNTS AS OF DECEMBER 31
Debit Balances		2014		2013
Cash		$72,060		$51,010
Accounts Receivable		154,140		130,520
Inventory		74,120		61,510
Investments (Available-for-sale)		54,140		85,570
Equipment		70,300		48,760
Buildings		144,020		144,020
Land		39,280		25,950
Totals		$608,060		$547,340
Credit Balances
Allowance for Doubtful Accounts		$10,870		$8,980
Accumulated DepreciationEquipment		21,410		14,860
Accumulated DepreciationBuildings		37,250		28,020
Accounts Payable		66,880		60,870
Income Taxes Payable		12,570		10,300
Long-Term Notes Payable		62,480		70,680
Common Stock		311,060		260,120
Retained Earnings		85,540		93,510
Totals		$608,060		$547,340

Additional data:

1.		Equipment that cost $10,920 and was 60% depreciated was sold in 2014.
2.		Cash dividends were declared and paid during the year.
3.		Common stock was issued in exchange for land.
4.		Investments that cost $35,930 were sold during the year.
5.		There were no write-offs of uncollectible accounts during the year.

Sharpes 2014 income statement is as follows.

Sales revenue					$958,240
Less: Cost of goods sold					600,870
Gross profit					357,370
Less: Operating expenses (includes depreciation expense and bad debt expense)					259,610
Income from operations					97,760
Other revenues and expenses
Gain on sale of investments		$15,040
Loss on sale of equipment		(3,310	)		11,730
Income before taxes					109,490
Income taxes					45,760
Net income					$63,730

(a) Compute net cash provided by operating activities under the direct method

b) Prepare a statement of cash flows using the indirect method.