The following is a partial balance sheet for Douglas Inc, for 20x5 and 20x6: 2046 $ 99,000 53,000 101,000 Cash Receivables Inventory Prepaid expenses Property, Plant and Equipment (PPE) Accumulated depreciation 20x5 $ 51,000 39,000 118,000 9,000 350,000 (125,000) 6,000 420,000 (110,000) Accounts payable Retained earnings $ 51,000 43,000 $ 56,000 22,000 Additional Information - 23 1. The Accumulated Depreciation account has been credited for the depreciation expense for the period. The depreciation expense amounted to $25,000 and is included in operating expenses. One asset was disposed of during the year. The original cost of the asset sold was $100,000. The asset had a net book value of $60,000 on the date of sale. 2. The Retained Earnings account has been charged for dividends and credited for the net income for the year. The income statement for 20x6 is as follows: Sales (all on credit) Cost of goods sold Gross profit Operating expenses Operating income Loss on sale of PPE Interest expense Net income before taxes Income tax expense Net income Required $660,000 363.000 297,000 177.000 120,000 12,000 18.000 100,000 45.000 S 55.000 Calculate the following sections of the statement of cash flow (a) Cash flow from operations using indirect method (b) Cash flow from investing