Exercise 12-6A (Algo) Direct versus indirect method of determining cash flows from operating activities LO 12-1, 12-2 Expent Electronics, inc, (EED) recoginized $4,700 of sales revenue on account and collected $2,700 of cash from accounts recelvable. Further, EEI recognized $1,500 of operating expenses on account and paid $1,000 cash as partial seftlement of accounts peyable. Required Based on this information alone: a. Prepare the operating activities section of the statement of cash flows under the direct method. (Amounts to be deducted should be indicated with a minus sign. b. Prepare the operating activities section of the statement of cash flows under the indirect method. (Amounts to be deducted should be indicated with a minus sign.)