The Diversified Portfolio Corporation provides investment advice to customers. A condensed income statement for the year ended December 31, 2024, appears below: Service revenue $ 960,000 Operating expenses 730,000 Income before income taxes 230,000 Income tax expense 57,500 Net income $ 172,500 The following balance sheet information also is available: 12/31/2024 12/31/2023 Cash $ 336,500 $ 73,000 Accounts receivable 126,000 103,000 Accrued liabilities (for operating expenses) 76,000 63,000 Income taxes payable 13,000 21,000 In addition, the following transactions took place during the year: Common stock was issued for $106,000 in cash. Long-term investments were sold for $53,000 in cash. The original cost of the investments also was $53,000. $83,000 in cash dividends was paid to shareholders. The company has no outstanding debt, other than those payables listed above. Operating expenses include $33,000 in depreciation expense. Required: Prepare a statement of cash flows for 2024 for the Diversified Portfolio Corporation. Use the direct method for reporting operating activities. Prepare the cash flows from operating activities section of Diversifiers 2024 statement of cash flows using the indirect method