Comparative balance sheets and the income statements for Ellis Corporation are presented below:

	Ending Balance	Beginning Balance
Assets:
Current assets:
Cash and cash equivalents	$ 45,900	$ 31,500
Accounts receivable	38,800	41,200
Inventory	71,700	62,400
Total current assets	156,400	135,100
Long-term investments	165,200	210,000
Property, plant, and equipment	300,200	156,000
Less accumulated depreciation	53,600	52,000
Total assets	$ 568,200	$ 449,100
Liabilities and stockholders' equity:
Current liabilities:
Accounts payable	$ 37,400	$ 42,400
Accrued liabilities	25,700	32,100
Income taxes payable	15,900	21,400
Total current liabilities	79,000	95,900
Bonds payable	127,200	32,100
Total liabilities	206,200	128,000
Stockholders equity:
Common stock	312,700	294,300
Retained earnings	49,300	26,800
Total stockholders equity	362,000	321,100
Total liabilities and stockholders' equity	$ 568,200	$ 449,100

Income Statement
Sales	$ 156,000
Cost of goods sold	81,900
Gross margin	74,100
Selling and administrative expense	17,400
Net operating income	56,700
Loss on sale of investment	2,500
Income before taxes	54,200
Income taxes	23,800
Net income	$ 30,400

The following additional information is available for the year:

* During the year, the company sold long-term investments for $42,300 that had been purchased for $44,800.

* The company did not sell any property, plant, and equipment during the year or repurchase any of its own common stock.

* All sales were on credit.

* The company paid a cash dividend of $7,900.

* The company paid cash to retire $16,200 of bonds payable.

Required:

a. Using the indirect method, determine the net cash provided by (used in) operating activities.

b. Using the direct method, determine the net cash provided by (used in) operating activities.

c. Using the net cash provided by (used in) operating activities amount from either part a or b, prepare a statement of cash flows.