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The following accounts and corresponding balances were drawn from Finch Company's Year 2 and Year 1 year-end balance sheets. Account Title Accounts receivable Prepaid rent

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The following accounts and corresponding balances were drawn from Finch Company's Year 2 and Year 1 year-end balance sheets. Account Title Accounts receivable Prepaid rent Utilities payable Other operating expenses payable Year 2 $73,300 430 1,860 31,100 Year 1 $80,700 1,100 880 35,700 The Year 2 income statement is shown as follows. Income Statement Sales Rent expense Utilities expense Other operating expenses Net Income $ 307,000 (22,500) (35,000) (166,800) $ 82,700 Required a. Prepare the operating activities section of the statement of cash flows using the direct method. b. Prepare the operating activities section of the statement of cash flows using the indirect method. Complete this question by entering your answers in the tabs below. Required A Required B Prepare the operating activities section of the statement of cash flows using the direct method. (Cash outflows should be indicated with minus sign.) Cash Flows from Operating ActivitiesDirect Method Cash flows from operating activities: Receipts from customers Paid for rent Paid for utilities Paid for other operating expenses Net cash flow from operating activities Required A Required B Prepare the operating activities section of the statement of cash flows using the indirect method. (Amounts to be deducted should be indicated with a minus sign.) Cash Flows from Operating ActivitiesIndirect Method Cash flow from operating activities: Plus: Less: Net cash flow from operating activities

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