prepare direct and indirect method

.Statement of cash flows (indirect method and direct method). The net changes in the balance sheet accounts of Keating Corporation for the year 2013 are shown below. Account Credit Cash Accounts receivable Allowance for doubtful accounts Inventory Prepaid expenses Accumulated depreciation Accounts payable 80,700 Income tax payable Debit $ 82,000 83,200 13,300 74,200 22,800 130,000 21,500 Other information - increase in retained earnings was $130,000 for the year; there was $155,300 of purchases of property plant and equipment and the company issued $85,000 of common stock during the year. The summary income statement data for 2013 is presented below: Sales Revenue $1,000,000 Operating expense 670,000 (includes cost of goods sold) Depreciation expense 130,000 Pre-tax income 200,000 Income tax expense 70,000 Net income 130,000 Instructions: Prepare the operating section of the statement of cash flows under the indirect method and the direct method