The following schedule relates the income statement with cash flows from operating activities, derived by both the direct and indirect methods. The amounts for income statement elements are missing.

Cash Flows from Operating Activities
Income Statement				Indirect Method				Direct Method
				Net income	$	?
				Adjustments:
Sales	$	?		Decrease in accounts receivable		24		Cash received from customers	$	754
Cost of goods sold		?		Increase in inventory		(48	)
				Decrease in accounts payable		(61	)	Cash paid to suppliers		(547	)
Salaries expense		?		Increase in salaries payable		25		Cash paid to employees		(50	)
Depreciation expense		?		Depreciation expense		31		(Not reportedno cash effect)
Insurance expense		?		Decrease in prepaid insurance		32		Cash paid for insurance		(28	)
Loss on sale of land		?		Loss on sale of land		28		(Not reportedno cash effect)
Income tax expense		?		Increase in income tax payable		28		Cash paid for income taxes		(48	)
Net income	$	?		Net cash flows from operating activities	$	81		Net cash flows from operating activities	$	81

Required: Deduce the missing amounts and prepare the income statement.

Income Statement	-	-
sales	x	ans
cost of goods sold	ans	x
salaries expense	ans	x
depreciation expense	ans	x
insurance expense	ans	x
loss on sale of land	ans	x
income tax expense	ans	x
net income	x