The following information is provided for Vale Inc. for the year ended December 31, 2020. Balance Sheets, December 31 2019 2020 Difference Assets Cash and cash equivalents Accounts receivable, net Inventory.. Equipment Accumulated depreciation Land Total assets. $ 45,000 75,000 100,000 200,000 (40,000) 30,000 $410,000 $105,000 65,000 78,000 180,000 (20,000) 35,000 $443,000 $ 60,000 (10,000) (22,000) (20,000) 20,000 5,000 $ 33,000 Liabilities and Stockholders' Equity Accounts payable.. Other current liabilities Bonds payable Premium on bonds payable Common stock, no-par. Retained earnings Total liabilities and stockholders' equity $ 70,000 10,000 100,000 10,000 120,000 100,000 $410,000 $ 87,000 8,000 100,000 8,000 90,000 150,000 $443,000 $ 17,000 (2,000) 0 (2,000) (30,000) 50,000 $ 33,000 Income Statement, For Year Ended December 31 2020 Sales revenue. Cost of goods sold .. Depreciation expense. Other operating expenses Interest expense.. Gain on sale of equipment. Net income $255,000 (125,000) (20,000) (40,000) (10,000) 25.000 $ 85,000 Other information Equipment with an original cost of $60,000 and accumulated depreciation of $40,000 was sold for $45,000. As- sume there is no bad debt expense. 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