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 Sales $ Gain on sale of equipment Cash flows from Operating Activities Indirect Method Direct Method Net income Adjustments: 509 Decrease in accounts receivable 25 Cash received from customers 43 Gain on sale of equipment (43) (Not reportedno cash effect) Increase in inventory Increase in accounts payable 37 Cash paid to suppliers (80) 25 Cash paid to employees (28) Depreciation expense 28 Cash paid for depreciation Decrease in bond discount 8 Cash paid for interest (59) Decrease in prepaid insurance 28 Cash paid for insurance (25) Loss on sale of land 25 (Not reported-no cash effect) (31) i Cost of goods sold Salanes expense Depreciation expense Interest expense Insurance expense Loss on sale of land ninus sign.) Income Statement Sales Gain on sale of equipment Cost of goods sold Salaries expense Depreciation expense Cash flows from Operating Activities indirect Method Direct Method Net income Adjustments $ 509 Decrease in accounts receivable 25 Cash received from customers 43 Gain on sale of equipment (43) (Not reported-no cash effect) Increase in inventory (31) increase in accounts payable 37 Cash paid to suppliers 25 Cash paid to employees (28) Depreciation expense 28 Cash paid for depreciation Decrease in bond discount 8 Cash paid for interest (59) Decrease in prepaid insurance 28 Cash paid for insurance (25) Loss on sale of land 25 (Not reported-no cash effect) (65) Increase in income tax payable Cash paid for income taxes $ 295 Net cash flows from operating activities $ 187 Net cash flows from operating activities (80) Interest expense Insurance expense Loss on sale of land Income tax expense Net Income