Tiffany & Co, Comparative Balance Sheet, As of December 31, 2019 and 2018

	2019	2018
cash	1,800	1,150
receivables	1,750	1,300
inventory	1,600	1,900
plant assets	1,900	1,700
accumulated depreciation	(1,200)	(1,170)
long term investments (held to maturity)	1,300	1,420
	7,150	6,300
Accounts payable	1,200	900
accrued liabilities	200	250
Bonds payable	1,400	1,550
common stock	1,900	1,700
Retained earnings	2,450	1,900
	7,150	6,300
Tiffany & Co Income statement, for year ending December 31, 2019
Sales revenue	6,900
Cost of goods sold	4,700
Gross margin	2,200
Selling & administrative expense	930
Income from operations	1,270
Other revenue and gains
Gain on sale of investment	60
Income before Tax	1,330
Income tax expense	520
Net income	810
cash dividends	260
Income retained in business	$550
Additional info: During the year, $70 of common stock was issued in exchange for plant assets. No plant assets were sold in 2019.
Instructions: SHOW WORK WHERE APPROPRIATE, Part 1) Prepare a statement of cash flows using the indirect method.
Part 2) Prepare a statement of cash flows using the direct method (Only the operating section)