Exercise 14-6A (Algo) Direct versus indirect method of determining cash flows from operating activities LO 14-1, 14-2 Solomon Electronics, Incorporated, recognized \\( \\$ 8,000 \\) of sales revenue on account and collected \\( \\$ 4,900 \\) of cash from accounts receivable. Further, Solomon recognized \\( \\$ 3,700 \\) of operating expenses on account and paid \\( \\$ 2,100 \\) cash as partial settlement of accounts payable. Required a. Prepare the operating activities section of the statement of cash flows under the direct method. b. Prepare the operating activities section of the statement of cash flows under the indirect method. Complete this question by entering your answers in the tabs below. Prepare the operating activities section of the statement of cash flows under the direct method. Note: Cash outflows should be indicated with minus sign. Exercise 14-6A (Algo) Direct versus indirect method of determining cash flows from operating activities LO 14-1, 14-2 Solomon Electronics, Incorporated, recognized \\( \\$ 8,000 \\) of sales revenue on account and collected \\( \\$ 4,900 \\) of cash from accounts receivable. Further, Solomon recognized \\( \\$ 3,700 \\) of operating expenses on account and paid \\( \\$ 2,100 \\) cash as partial settlement of accounts payable. Required a. Prepare the operating activities section of the statement of cash flows under the direct method. b. Prepare the operating activities section of the statement of cash flows under the indirect method. Complete this question by entering your answers in the tabs below. Prepare the operating activities section of the statement of cash flows under the indirect method. Note: Amounts to be deducted should be indicated with minus sign