Item2 30 points Item Skipped eBookHintPrintReferencesCheck my workCheck My Work button is now enabled5Item 2 Expert Electronics, Incorporated (EEI) recognized $6,200 of sales revenue on account and collected $3,700 of cash from accounts receivable. Further, EEI recognized $2,500 of operating expenses on account and paid $1,500 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. Note: Amounts to be deducted should be indicated with a minus sign.

Expert Electronics, Incorporated (EEI) recognized $6,200 of sales revenue on account and collected $3,700 of cash from accounts receivable. Further, EEl recognized $2,500 of operating expenses on account and paid $1,500 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. Note: Amounts to be deducted should be indicated with a minus sign. b. Prepare the operating activities section of the statement of cash flows under the indirect method. Note: Amounts to be deducted should be indicated with a minus sign