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 $ 300 Decrease in accounts receivable 24 Gain on sale of equipment (42) Increase in inventory Increase in accounts payable (9) Depreciation expanse Decrease in bond discount (21) Decrease in prepaid insurance (6) Loss on sale of land 6 Cash received from customers (24) (Not reported-no cash effect) (12) 18 Cash paid to suppliers 6 Cash paid to employees 9 Cash paid for depreciation 3 Cash paid for interest 9 Cash paid for insurance (174) (36) (9) 6 (Not reported-no cash effect) (27) Increase in income tax payable Cash paid for income taxes (21) Net cash flows from operating activities $ 54 Net cash flows from operating activities $ 54