Green Brands, Inc. (GBI), presents Its statement of cash flows using the Indirect method. The following accounts and corresponding balances were drawn from GBI's 2017 and 2016 year-end balance sheets Account Title 2017 2016 $24,000 $26,400 Accounts receivable Merchandlse Inventory Prepald Insurance Accounts payable Salarles payable 56,400 49,100 17,600 25,100 17,700 26,900 4,700 750 4,100 Unearned service revenue 2,800 The 2017 Income statement Is shown below Income Statement $622,000 Sales Cost of goods sold (373,000) Gross margin 249,000 Service revenue 5,500 Insurance expense Salarles expense (38,000) (145,000) (5,200) Depreclation expense 66,300 4,200 Operating Income Galn on sale of equlpment Net Income 70,500 Required a. Prepare the operating activities section of the statement of cash flows using the direct method. (Amounts to be deducted should be indicated with a minus sign.) GREEN BRANDS, INC. Statement of Cash Flows (Operating Activities) For the Year Ended December 31, 2017 Cash flows from operating activities: Cash collections from customers for sales Cash collections from customers for services Cash payments for Insurance Salaries Net cash flow from operating activities C b. Prepare the operating activities section of the statement of cash flows using the indirect method. (Amounts to be deducted should be indicated with a minus sign.) GREEN BRANDS, INC. Statement of Cash Flows (Operating Activities) For the Year Ended December 31, 2017 Cash flows from operating activities: Plus: Less: Plus: noncash expenses Net cash flow from operating activities