Use ABC Co's income statement and balance sheet information to calcualte the net cash provided by operating activities, using the (a) Direct Method (10 marks) and (b) Indirect Method (20 marks) Sales (all credit sales) $ 227,000 Cost of goods sold 70,000 Gross profit 157,000 Depreciation expense $ 6,000 Other operating expenses 108,000 Income tax expense 22,200 136,200 Operating income 20,800 Gain on sale of equipment 8,100 Net profit $ 28,900 2022 2021 Cash $ 25,000 $ 23,400 Accounts receivable 62,000 67,000 Inventory 193,000 181,000 Long-term investments 25,000 4,000 PP&E - Equipment 452,000 412,000 Accumulated depreciation, equipment -233,000 -189,000 526,022 498,400 Accounts payable $ 27,200 $ 22,000 Income tax payable 1,800 7,800 Bonds payable 8,000 11,000 Common shares 221,000 252,000 Retained earnings 266,000 205,600 524,000 498,