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Saved Expert Electronics, Inc. (EEI) recognized $6,200 of sales revenue on account and collected $3,700 of cash from accounts receivable. Further, EEl recognized $2,500 of

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Saved Expert Electronics, Inc. (EEI) recognized $6,200 of sales revenue on account and collected $3,700 of cash from accounts receivable. Further, EEl recognized $2,500 of operating expenses on account and paid $1,500 cash as partial settlement of accounts payable. Required Based on this information alone: a. Prepare the operating activities section of the statement of cash flows under the direct method. (Amounts to be deducted should be indicated with a minus sign.) Operating Activities - Direct Method Cash flows from operating activities: Accounts payable Net cash flow from operating activities $ b. Prepare the operating activities section of the statement of cash flows unde the indirect method. (Amounts to be deducted should be indicated with a minus sign.) Operating Activities - Indirect Method Cash flows from operating activities Net cash flow from operating activities

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