The following accounts and corresponding balances were drawn from Zachary Companys 2017 and 2016 year-end balance sheets: Account Title 2017 2016 Accounts receivable $ 72,700 $ 81,100 Prepaid rent 520 1,220 Utilities payable 1,890 870 Other operating expenses payable 32,000 34,100 The 2017 income statement is shown below: Income Statement Sales $ 297,000 Rent expense (22,300 ) Utilities expense (36,400 ) Other operating expenses (166,600 ) Net Income $ 71,700 Required Prepare the operating activities section of the statement of cash flows using the direct method. 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:
Net cash flow from operating activities

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