The following balance sheet and income statement data were taken from the records of Mako Retail Supply for the year ended December 31, 1996. 1996 1995 Balance Sheet Cash $ 6,000 $ 5,400 Accounts receivable 11,200 9,000 Inventory 15,000 15,600 Prepaid rent 1,200 1,800 Total current assets $ 33,400 $31,800 Equipment (net) 58,000 52,000 Total $ 91,400 $83,800 1996 1995 Balance Sheet Accounts payable $ 11,200 $14,600 Wages payable 9,000 6,800 Interest payable 1,500 2,200 Unearned revenue 6,500 4,700 Total current liabilities $ 28,200 $28,300 Bonds payable (net) 28,000 28,400 Capital stock 10,000 10,000 Retained earnings 25,200 17,100 Total $ 91,400 $83,800 Income Statement Revenues $109,100 Cost of goods sold 56,000 Gross profit $ 53,100 Wage expense (15,200) Rent expense (9,000) Interest expense (2,900) Depreciation expense (6,200) Loss on sale of equipment (4,200) Net income before taxes $ 15,600 Tax expense 4,400 Net income $ 11,200 REQUIRED: Prepare the operating section of the statement of cash flows, and present it under both the direct and the indirect methods.