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:

Cash flows from Operating Activities
Income Statement		Indirect Method		Direct Method
		Net income
		Adjustments:
Sales	$ 388	Decrease in accounts receivable	$14	Cash received from customers	$0
Gain on sale of equipment	$32	Gain on sale of equipment	$(32)	(Not reported-no cash effect)
Cost of goods sold		Increase in inventory	$(20)
Salaries expense	$(58)	Increase in accounts payable	$26	Cash paid to suppliers	$(182)
Depreciation expense	$(17)	Increase in salaries payable	$14	Cash paid to employees	$(44)
		Depreciation expense	$17	Cash paid for depreciation	$(17)
Interest expense				(Not reported-no cash effect)
Insurance expense	$(37)	Decrease in bond discount	$4	Cash paid for interest	$(17)
Loss on sale of land	$(14)	Decrease in prepaid insurance	$17	Cash paid for insurance
Income tax expense	$(43)	Loss on sale of land	14	(Not reported-no cash effect)
		Increase in income tax payable	$14	Cash paid for income taxes	$(29)
Net Income		Net cash flows from operating activities	$68	Net cash flows from operating activities	$113