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.) Cash flows from Operating Activities Income Statement Indirect Methoo Direct Method Net income Adjustments Sales Gain on sale of equipment Cost of goods sold 26 Cash received from customers (44) (Not reported-no cash effect) (32) $ 520 Decrease in accounts receivable 44 Gain on sale of equipment Increase in inventory Increase in accounts payable 38 Cash paid to suppliers 26 Cash paid to employees 29 Cash paid for depreciation (194) (56) Salaries expense Depreciation expense Interest expense Insurance expense Loss on sale of land Income tax expen Net Income (82) (29) Depreciation expense Decrease in bond discount (29) 9 Cash paid for interest 29 Cash paid for insurance (61) Decrease in prepaid insurance (26) Loss on sale of land (67) Increase in income tax payable 26 (Not reported-no cash effect) Cash paid for income taxes (41) Net cash flows from operating activities Net cash flows from operating activities