Presented below is the income statement of Foley, Inc for 2015.

Sales $395,000

Cost of goods sold 230,000

Gross profit $165,000

Operating expenses (includes salary expense) 64,000

Depreciation expense 14,200

Income before income taxes 86,800

Income taxes 10,500

Net income $ 76,300

In addition, the following information related to net changes in working capital accounts is presented:

Cash $2,000 decrease

Trade accounts receivable $17,500 decrease

Inventories 13,500 increase

Salaries payable 6,000 decrease

Trade accounts payable 8,700 increase

Income tax payable 2,100 decrease

The company also indicates that the deferred tax liability account decreased by $1,200 during 2015.

prepare a schedule computing the net cash flow from operating activities that would be shown on a statement of cash flows using both the direct method and the indirect method.

Direct method :

Indirect method :