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The Income Statement for MDB Inc. follows along with additional information: MDB Corporation Income Statement For the Year Ended December 31, 2019 Sales Revenue 500000

The Income Statement for MDB Inc. follows along with additional information: MDB Corporation Income Statement For the Year Ended December 31, 2019 Sales Revenue 500000

Cost of Goods Sold 300000

Gross Profit 200000

Operating Expenses 140000

Net Income 60000

Additional Information: Increase in Accounts Receivable 10000

Increase in Inventory 5000 Decrease in Accounts Payable 8000

Increase in Accrued Operating Expenses 6000 Required 1)Prepare the Operations Activity section for the Statement of Cash Flows for 2019 using the direct method 2)Prepare the Operations Activity section for the Statement of Cash Flows for 2019 using the indirect method.

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