Romero Company Comparative Balance Sheet Accounts as of December 31, 2020 and 2019 2019 Change 2020 84 $ 43 41 45 37 8 82 Cash Accounts receivable Inventory Prepaid Rent PP&E Accumulated Depreciation Total Assets 12 78 22 275 (155) 300 (10) 25 300 (180) 343 (25) 52 38 14 8 75 60 Accounts payable Salaries payable Long-term notes payable Common stock Retained earnings Total Credit Balance Accounts 110 110 106 343 70 300 $ $ Romero Company Income Statement for year ended Dec. 31 2020 $ Sales Cost of goods sold Gross profit Rent Expense Depreciation Expense Salaries Expense Income from operations Loss on sale of PP&E Income before taxes Income tax expense Net income 500 210 290 90 40 85 75 12 63 15 $ 48 Additional Data: 1. A old delivery truck was sold and the company received $13 in cash proceeds. A loss of $12 was recorded on the sale. Required: 1. Prepare the statement of cash flows under the indirect method. 2. Prepare the operating section of the cash flows under the direct method