Presented below is the income statement of Cowan, Inc.: Sales revenue $374,400 Cost of goods sold 223,800 Gross profit $150,600 Operating expenses 82,600 68,000 Income before income taxes Income taxes 29,500 38,500 Net income In addition, the following information related to net changes in working capital is presented: Credit Debit Cash $12,700 Accounts receivable 20,400 Inventories $19,200 Salaries payable (operating expenses) 7,700 Accounts payable 14,600 Income taxes payable 2,900 The company also indicates that depreciation expense for the year was $17,700 and that the deferred tax liability account increased $2,800 on a statement of cash flows.(Show Prepare a schedule computing the net cash flow from operating activities by using the indirect method that would be shown amounts that decrease cash flow with eithera sign e.g. -10,000 or in parenthesis e.g. (10,000).) Cowan, Inc. Statement of Cash Flows (Partial) (Indirect Method) Adjustments to reconcile net income to Prepare a schedule computing the net cash flow from operating activities by using the direct method that would be shown on a statement of cash flows. Cowan, Inc. Statement of Cash Flows (Partial) Direct Method $