The net income reported on the income statement for the current year was $349,200. Depreciation recorded on the equipment and a building amounted to $91,000 for the year . Balance of the current assets and current liability accounts at the beginning and end of the year as follows

Ending. Beginning

Cash. $89,080. $96,500

Accounts receivable. $112,710. $201,090

Paid expenses. $13,050. $15,180

Accounts payable. $96,790. $103,700

Salaries payable. $15,270. $14,200

A. Prepare the cash flows for operating activities section of the statement of cash flows, using the indirect method. Use the minus sign to indicate cash outflows, cash payments, decrease in cash and for any adjustments, if required.

B. If the direct method had been used, would he net cash flow from operating activities have been the same?