The following is the Statement of Financial Position and the Statement of Income for Smurf Limited.
	Smurf Limited
	Statement of Financial Position
	As at December 31, 2021
			2021	2020
		Assets
		Cash	$ 57,600	$ 53,850
		Accounts receivable	58,000	51,000
		FVTOCI investment in shares	63,000	84,000
		FVTPL investments	58,000	66,000
		Inventory	40,000	60,000
		Prepaid rent	5,000	4,000
			$ 281,600	$ 318,850
		Land	250,000	80,000
		Equipment	154,000	130,000
		Accumulated depreciation	-35,000	-25,000
			$ 369,000	$ 185,000
			$ 650,600	$ 503,850
		Liabilities and Shareholders' Equity
		Accounts payable	46,000	40,000
		Income Tax Payable	4,000	6,000
		Unearned revenue	25,000	20,000
		Long term loans payable	60,000	69,000
			$ 135,000	$ 135,000
		Common shares	$ 130,000	$ 130,000
		Retained earnings	375,600	192,850
		AOCI- FVTOCI investments	10,000	46,000
			515,600	368,850
			$ 650,600	$ 503,850
	Smurf Limited
	Statement of Income
	for the Year Ended December 31, 2021
		Revenue		$ 372,800
		Cost of Goods Sold		195,000
		Gross margin		177,800
		Operating expenses		120,000
		Operating income		57,800
		Interest expense	(11,400)
		Gain on disposal of equipment	2,000
		FV adjustment on FVTPL investments	8,000
		Gain on sale of FVTPL investments	6,500	5,100
		Income before tax		62,900
		Income tax expense		12,750
		Net income		50,150
		OCI- FVTOCI investments		-36,000
		Comprehensive income		$ 14,150
Additional information
1. Depreciation expense of $24,000 is included in operating expenses.
2.Equipment with a cost of $20,000 that was 70% depreciated was sold during the year
3. FVTOCI investments were purchased in July 2021, for a cost of $15,000. By December 31, 2021, the fair value of the portfolio of FVTOVI investments decreased to $63,000. No FVTOCI investments were sold in the year.
4. Bad debt expense of $2,800 is included in other operating expenses
5. Fair value though profit and loss investments with a carrying value of $35,000 were sold in 2021.
6.The allowance for doubtful accounts at the beginning of the year was $2,100 and $3,100 at the end of the year.
Required -
a. Calculate the cash flow from operations section of the Statement of Cash Flow using the indirect method.
b.Calculate cash flow from operations section of the Statement of Cash Flow using the direct method.
c.Calculate cash flow from investing activities.
In answer please include the final numerical answers and numerical calculations.