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Expert Electronics, Inc. (EEI) recognized $7,100 of sales revenue on account and collected $4,300 of cash from accounts receivable. Further, EEI recognized $3,100 of

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Expert Electronics, Inc. (EEI) recognized $7,100 of sales revenue on account and collected $4,300 of cash from accounts receivable. Further, EEI recognized $3,100 of operating expenses on account and paid $1,800 cash as partial settlement of accounts payable. 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.) Operating Activities - Direct Method Cash flows from operating activities: Cash receipts from customer Net cash flow from operating activities $ 0 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.) Operating Activities - Indirect Method Cash flows from operating activities: Net cash flow from operating activities $ 0

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