Use the following income statement and information about changes in non-cash current assets and current liabilities to present the cash flows from operating activities using the direct method:

Changes in current asset and current liability accounts during the year were as follows:
Accounts receivable .................................. $10,800 increase
Merchandise inventory .............................. 7,200 increases
Accounts payable...................................... 3,600 decrease
Salaries payable......................................... 1,200 decrease

Analysis Component: Use the information above to present the cash flows from operating activities using the indirect method. Explain the differences and similarities between the direct and indirectmethods.

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Oxus Resources Corp Income Statement For Year Ended December 31, 2014 $484,800 237,600 $247,200 Sales Cost of goods sold Operating expenses Salaries expense...$66,276 Depreciation expense. . ..11,520 9,760 1,440 Rent expense.. 94,096 1,920 $155,024 3,200 $151,824 Gain on sale of equipment...