The net income reported on the income statement for the current year was $210,000. Depreciation recorded on equipment and a building amounted to $62,500 for the year. Balances of the current liability accounts at the beginning and end of the year are as follows: End of the year beginning of the year Cash $56,000 $59,500 Accounts receivable (net) 71,000 73,400 Inventories 140,000 126,500 Prepaid expenses 7,800 8,400 Accounts payable (merchandise creditors) 62,600 66,400 Salaries payable 9,000 8,250 a) Prepare the cash flows from Operating Activities section of the statement of cash flows, using the indirect method b) If the direct method had been used, would the net cash flow from operating activities have been the same? Explain