following is an income statement for the Duffy dog corporation for the year ended December 31, 2020 and a schedule listing the company's current assets and current liabilities at the end of 2019 and 2020.

Prepare a schedule documenting the Duffy dog corporations net cash flow from operating activities for the year ended December 31, 2020 using the indirect method

Prepare a schedule documenting the Duffy dog corporations net cash flow from operating activities for the year end of December 31, 2020 using the direct method. Assume that selling and general expense are related to both prepaid expenses and accrued liabilities.

Following is an income statement for the Duffy Dog Corporation for the year ended December 31, 2020, and a schedule listing the company's current assets and current liabilities at the end of 2019 and 2020. $80,200 (45,714) 34,486 Duffy Dog Corporation Income Statement For the Year Ended December 31, 2020 Sales Cost of goods sold Gross margin Operating expenses: Selling and general expenses $8,822 Depreciation expense 2,406 Operating income Gain on sale of land held as investment Income before income tax Income tax expense Net Income (11,228) 23,258 5,752 29,010 (5,802) $23,208 Cash Accounts receivable Inventory Prepaid selling/general expenses Accounts payable Accrued liabilities 2019 $12,700 4,880 6,840 3,900 3,370 1,700 2020 $4,290 10,550 11,240 1.200 6,142 2.996 Prepare a schedule documenting the Duffy Dog Corporation's net cash flow from operating activities for the year ended December 31, 2020, using the Indirect method. (Enter amounts that decrease cash flow elther with a negative sign preceding the number, 68. -15,000 or parenthesis e.g. (15,0001) Duffy Dog Corporation Partial Statement of Cash Flows Operating activities-indirect method Prepare a schedule documenting the Duffy Dog Corporation's net cash flow from operating activities for the year ended December 31, 2020, using the direct method. Assume that selling and general expenses are related to both prepaid expenses and accrued liabilities. (Enter amounts that decrease cash flow elther with a negative sign preceding the number, eg. -15,000 or parenthesis eg. (15,000) Duffy Dog Corporation Partial Statement of Cash Flows Operating activities-direct method