Presented below is the income statement of Coming Company Sales Cost of good sold Gross profit Operating expenses Income before incomes taxes $305,000 180.000 $125,000 68.000 Income taxes 57,000 21.400 $35 600 Net income In addition, the following information related to net changes in working capital is presented Debit Credit Cash $9.600 Accounts receivable 10,000 Inventories $15,620 Salaries payable (operating expenses) 6,400 Accounts payable 9,500 Income tax payable 2,400 The company also indicates that depreciation expense for the year was $12,360 and that the deferred tax liability account increased $3,080 Required: (a) Compute the net cash flow from operating activities that would be shown on a statement of cash flows using the inofrect method. (7 mark (b) Compute the net cash flow from operating activities that would be shown on a statement of cash flows using the direct method. (10 marks