Rundle Electronics, Incorporated, recognized $$7,400$ of sales revenue on account and collected $$4,500$ of cash from accounts

receivable. Further, Rundle recognized $$3,300$ of operating expenses on account and paid $$1,900$ cash as partial settlement of

accounts payable.

Required

a$.$ Prepare the operating activities section of the statement of cash flows under the direct method.

b$.$ Prepare the operating activities section of the statement of cash flows under the indirect method.

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Prepare the operating activities section of the statement of cash flows under the direct method.

Note: Cash outflows should be indicated with minus sign.Rundle Electronics, Incorporated, recognized $$7,400$ of sales revenue on account and collected $$4,500$ of cash from accounts receivable. Further, Rundle recognized $$3,300$ of operating expenses on account and paid $$1,900$ cash as partial settlement of accounts payable.