Comparative balance sheet accounts of Riverbed Company are presented below. RIVERBED COMPANY COMPARATIVE BALANCE SHEET ACCOUNTS AS OF DECEMBER 31 Debit Balances 2020 Cash $69,300 Accounts Receivable 154,900 75,600 Debt Investments (available-for-sale) 54,500 Equipment 70,600 Buildings 146,000 Land 40,200 Totals $611,100 Inventory 2019 $51,100 130,000 60,700 85,100 48,100 146,000 24,700 $545,700 Credit Balances Allowance for Doubtful Accounts Accumulated Depreciation-Equipment Accumulated Depreciation Buildings Accounts Payable Income Taxes Payable Long-Term Notes Payable Common Stock Retained Earnings Totals $10,100 20,900 37,300 66,100 12,100 62,000 310,000 210.000 92,600 $7,900 13,900 28,200 60,600 10,000 70,000 260,000 95,100 $545,700 $611,100 Additional data: 1. Equipment that cost 59,900 and was 60% depreciated was sold in 2020. 2. Cash dividends were declared and paid during the year. 3. Common stock was issued in exchange for land. Investment that cast 24 700 were sold during the war 3 tv A W Pro 1. Equipment that cost $9,900 and was 60% depreciated was sold in 2020. 2. Cash dividends were declared and paid during the year. 3. Common stock was issued in exchange for land. 4. Investments that cost $34,700 were sold during the year. 5. There were no write-offs of uncollectible accounts during the year. Riverbed's 2020 income statement is as follows. $952,300 604,800 347,500 247,700 99,800 Sales revenue Less: Cost of goods sold Gross profit Less: Operating expenses (Includes depreciation expense and bad debt expense) Income from operations Other revenues and expenses Gain on sale of investments Loss on sale of equipment Income before taxes Income taxes Net Income $15,100 (3,000 ) 12,100 111,900 44,500 $67,400 (a) Compute net cash provided by operating activities under the direct method. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Net cash flow from operating activities (b) Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) RIVERBED COMPANY Statement of Cash Flows DE 3 tv A W Pro