E22-1. Prepare Statement of Cash Flows, Indirect and Direct. Hockey Apparel Providers, Inc. provided the fol- lowing information for the current year. Simplified Income Statement Amount Sales $2,452,000 Cost of Goods Sold (1,251,000) Depreciation Expense (178,000) Selling, General, and Administrative Expenses (558,000) Income Before Taxes 465,000 Tax Expense (145,000) Net Income $ 320,000 $ Account Changes from the Balance Sheet Decrease in Accounts Receivable Decrease in Inventory Increase in Prepaid Expenses Decrease in Accounts Payable Increase in Income Taxes Payable 29,000 43,000 9,000 34,000 32,000 Required >> a. Compute cash flows from operating activities for Hockey Apparel Providers under the indirect reporting format. b. Compute cash flows from operating activities for Hockey Apparel Providers under the direct reporting format