Presented below is the income statement of Lauren, Inc. for the year ended December 31, 2019: Sales Cost of goods sold Gross profit Operating expenses Income before income taxes Income taxes Net income $380,000 225,000 155,000 95,000 60,000 24,000 $36,000 In addition, the following information related to current assets and liabilities is provided. 12/31/2019 12/31/2018 Cash Accounts receivable (net) Inventories Salaries payable Trade accounts payable Income Tax Payable 32,000 65,000 40,600 15,000 39,000 15,000 20,000 55,000 60,000 23,000 30,000 18,000 The company also indicates that depreciation expense for the year was $13,700 (included in operating expenses). Required: a. Prepare a schedule computing the net cash flow from operating activities that would be shown on a statement of cash flows using the direct method. b. Prepare a schedule computing the net cash flow from operating activities that would be shown on a statement of cash flows using the indirect method