Simplex Company wants to use the indirect method to report operating activity on its statement of cash flows. For the year 2020 the fofowing information was made available Net Income Depreciation & Amortization Decrease in counts receivable Increase in inwentories Increase in prepaid expenses Increase in salonos payable Decors in income taxes payablo $624 000 87 000 22.000 9200 8.500 10.000 14000 a) Prepare the Operating Activits section of Simplex Company's Statement of cash flows Using the indirect method What other method could be used to prepare the Operating Activities section of a statomont of cash flow beside the indirect method? How are the two methods diferent How are the two methods alike