Witschel and Dean Law Office Inc. (W&D) needs to present not only the Statement of Cash Flows operating section using the indirect method but also portions using the direct method, so they can "see" all the cash flows in a more intuitive manner. They hired you, an accounting expert, and provide the following: (excerpt) 2019 2018 Accounts receivable $85.000 $95.000 Allowance for doubtful accounts $30,000 $24,000 Inventory $143,860 $95,760 Office equipment $160,000 $200,000 Accumulated depreciation $80,000 $70,000 Investments $120,000 $60,000 Accounts payable $60,000 $80,000 Common stock $100,000 $80,000 Net income for 2019 was $62,800. Sales revenue was $200,000 and cost of goods sold was $100,000. Operating expenses of $64,000 include bad debt expense of $13,000 and depreciation expense of $45,000. Investment represent a 45% ownership of Aumick, Inc. W&D received cash dividends of $30,000 from Aumick. Aumick had $200,000 in net income for the year. W&D sold office equipment with a historical cost of $40,000 for $23,000. W&D did not purchase investments or equipment during the year. om Aumick. Aumick had $200,000 in net income for the year. W&D sold office equipment with a historical cost of $40,000 for $23,000. W&D did purchase investments or equipment during the year. A. Prepare the operating activities section using the indirect method for W&D. B. Using the Direct Method, find the following amounts for W&D: Cash receipts from customers, Cash payments to suppliers, Cash payments for operating expenses, and Cash receipts from dividends