Comparative balance sheet accounts ofCarlaCompany are presented below.

CARLACOMPANY

COMPARATIVE BALANCE SHEET ACCOUNTS

AS OF DECEMBER 31

Debit Balances

2020

2019

Cash$69,600

$50,600

Accounts Receivable155,000

130,400

Inventory75,000

60,600

Debt investments (available-for-sale)55,400

84,600

Equipment70,600

48,000

Buildings146,400

146,400

Land40,300

25,300

Totals$612,300

$545,900

Credit Balances

Allowance for Doubtful Accounts$10,000

$8,100

Accumulated DepreciationEquipment21,100

13,800

Accumulated DepreciationBuildings37,000

28,200

Accounts Payable65,700

60,100

Income Taxes Payable12,100

9,900

Long-Term Notes Payable62,000

70,000

Common Stock310,000

260,000

Retained Earnings94,400

95,800

Totals$612,300

$545,900

Additional data:

1.Equipment that cost $9,900and was 60% depreciated was sold in 2020.2.Cash dividends were declared and paid during the year.3.Common stock was issued in exchange for land.4.Investments that cost $34,700were sold during the year.5.There were no write-offs of uncollectible accounts during the year.

Carla's 2020 income statement is as follows.

Sales revenue$951,500

Less: Cost of goods sold599,500

Gross profit352,000

Less: Operating expenses (includes depreciation expense and bad debt expense)250,900

Income from operations101,100

Other revenues and expensesGain on sale of investments$15,000

Loss on sale of equipment(2,900

)12,100

Income before taxes113,200

Income taxes44,800

Net income$68,400

(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. -45 or parentheses e.g. (45).)

Net cash flow from operating activities$

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