The income statement and other selected data for Frish Company follow: FRISH COMPANY Income Statement For Year Ended December 31, 2009 Net sales .$640,000 Expenses: Cost of goods sold 360,000 Selling and administrative expense 43,000 Other expense 2,000 Total expenses ..405,000 Income before income tax 235,000 Income tax .92,000 Net income .$143,000 Other data: a. Cost of goods sold, including depreciation expense of $15,000 b. Selling and administrative expense, including depreciation expense of $5,000 c. Other expense, representing amortization of patent, $3,000, and amortization of bond premium, $1,000 d. Increase in accounts receivable .$27,000 e. Increase in accounts payable 15,000 f. Increase in inventories .35,000 g. Decrease in prepaid expenses 1,000 h. Increase in accrued liabilities 3,000 i. Decrease in income taxes payable 10,000

Required a. Prepare a schedule of change from accrual basis to cash basis income statement. b. Using the schedule of change from accrual basis to cash basis income statement computed in (a), present the cash provided by operations, using (1) the direct approach and (2) the indirect approach.