The following schedule relates the income statement with cash flows from operating activities, derived by both the direct and indirect methods. Some elements necessary to complete the schedule are missing. Required: Complete the schedule by determining each of the following missing elements: (Amounts to be deducted should be indicated with a minus sign.) Cash flows from Operating Activities Indirect Method Income Statement Direct Method Net income Sales $ 474 Gain on sale of equipment (188) (50) Adjustments: $ 454 Decrease in accounts receivable 38 Gain on sale of equipment Increase in inventory Increase in accounts payable (70) (23) Depreciation expense Decrease in bond discount (49) Decrease in prepaid insurance (20) Loss on sale of land (55) Increase in income tax payable Net cash flows from operating activities Cost of goods sold Salaries expense Depreciation expense Interest expense Insurance expense Loss on sale of land Income tax expense Net Income 20 Cash received from customers (38) (Not reportedno cash effect) (26) 32 Cash paid to suppliers 20 Cash paid to employees 23 Cash paid for depreciation 3 Cash paid for interest 23 Cash paid for insurance 20 (Not reportedno cash effect) Cash paid for income taxes $ 152 Net cash flows from operating activities (23) (35) $ 152