Portions of the financial statements for Hawkeye Company are provided below. $ 990 395 595 HAWKEYE COMPANY Income Statement For the Year Ended December 31, 2018 Sales Cost of goods sold Gross margin Operating expenses: Salaries $ 241 Depreciation 199 Loss on sale of land 12 Total operating expenses Operating income other income (expense): Gain on sale of cash equivalents Interest expense Income before tax Income tax expense Net income 452 143 4 (49) 98 49 $ 49 HAWKEYE COMPANY Selected Accounts from Comparative Balance Sheets December 31, 2018 and 2017 Year 2018 2017 Change Cash $ 230 $209 $ 21 Accounts receivable 404 439 (35) Inventory 878 859 19 Accounts payable 219 252 (33) Salaries payable 189 206 (17) Interest payable 73 59 14 Income taxes payable 99 122 (23) Required: 1. Prepare the cash flows from operating activities section of the statement of cash flows for Hawkeye Company using the direct method. 2. Prepare the cash flows from operating activities section of the statement of cash flows for Hawkeye Company using the indirect method. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the cash flows from operating activities section of the statement of cash flows for Hawkeye Company using the direct method. (Amounts to be deducted should be indicated with a minus sign.) Cash Flows from Operating Activities: Net cash flows from operating activities $ 0 Required: 1. Prepare the cash flows from operating activities section of the statement of cash flows for Hawkeye Company using the direct method. 2. Prepare the cash flows from operating activities section of the statement of cash flows for Hawkeye Company using the indirect method. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the cash flows from operating activities section of the statement of cash flows for Hawkeye Company using the indirect method. (Amounts to be deducted should be indicated with a minus sign.) Cash Flows from Operating Activities: Adjustments for noncash effects: Changes in operating assets and liabilities