New Vision Company completed its income statement and balance sheet for 2010 and provided the following information: Service Revenue $ 66,000 Expenses: Salaries $ 42,000 Depreciation 7,300 Utilities 7,000 Other 1,700 58,000 Net Income $ 8,000 Decrease in Accounts Receivable $ 12,000 Bought a small service machine 5,000 Increase in Salaries Payable 9,000 Decrease in Other Accrued Liabilities 4,000 Requirement 1: Present the operating activities section of the statement of cash flows for New Vision Company using the direct method. Assume that Other Accrued Liabilities relate to Other Expenses on the income statement. (Amounts to be deducted and negative net cash amount should be indicated with minus sign. Omit the "$" sign in your response.) Cash flows from operating activitiesdirect method Cash collected from customers $ Cash payments to employees Cash paid for other expenses Net cash provided by operating activities $ Requirement 2: Of the potential causes of differences between cash flow from operations and net income, which are the most important to financial analysts? (Select all that apply.) 1-Changes in revenue and expense recognition. 2- Different methods of preparing cash flows and income statement. 3- Changes in management of operating activities