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.) Income Statement Net income Adjustments: Cash flows from Operating Activities Indirect Method Direct Method Sales Gain on sale of equipment Cost of goods sold Salaries expense Depreciation expense Interest expense Insurance expense Loss on sale of land Income tax expense Net Income $ 487 Decrease in accounts receivable 41 Gain on sale of equipment (76) Increase in inventory Increase in accounts payable (26) Depreciation expense Decrease in bond discount (55) Decrease in prepaid insurance (23) Loss on sale of land (61) Increase in income tax payable Net cash flows from operating activities 23 Cash received from customers (41) (Not reported-no cash effect) (29) (191) (53) (26) 35 Cash paid to suppliers 23 Cash paid to employees 26 Cash paid for depreciation 6 Cash paid for interest 26 Cash paid for insurance 23 (Not reportedno cash effect) Cash paid for income taxes 173 Net cash flows from operating activities (38) $ 173