Following is an income statement for the Steering 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. $79,600 (45,372) 34,228 Steering Corporation Income Statement For the Year Ended December 31, 2020 Sales Cost of goods sold Gross margin Operating expenses: Selling and general expenses $8,756 Depreciation expense 2,388 Operating income Gain on sale of land held as investment Income before income tax Income tax expense Net income (11.144) 23,084 5.286 28,370 (5.674) $22,696 Cash Accounts receivable Inventory Prepaid selling/general expenses Accounts payable Accrued liabilities 2019 $12.700 4,140 6,720 3,600 2.720 1.400 2020 $4,030 9,720 11,220 800 5,600 2.651 Prepare a schedule documenting the Steering 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 either with a negative sign preceding the number, eg. -15,000 or parenthesis eg. (15,000).) Steering Corporation Partial Statement of Cash Flows Operating activities-indirect method Prepare a schedule documenting the Steering 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 either with a negative sign preceding the number, e.ge -15,000 or parenthesis es (15.000.) Steering Corporation Partial Statement of Cash Flows Operating activities direct method $ e Textbook and Media