In 2012, Loveless had the following activity in selected accounts. Allowance for Accounts Receivable Doubtful Accounts 1/1/12 20,000 1/1/12 Revenues 100,000 1,000 Write-offs Write-offs 1,000 Bad debt expense 90,000 Collections 12/31/12 29,000 2,040 12/31/12 Prepare Loveless's cash flows from operating activities section of the statement of cash flows using (a) the direct method and (b) the indirect method. 1,200 1,840