Use Aplec Corp's Income Statement and Balance Sheet Information to Calculate

Use Aplec Corp's income statement and balance sheet information to calculate the net cash provided by operating activities,using the: (a)Direct Method (b)Indirect Method
Aplec Corp.
Income Statement
For the Year Ended December 31, 2021
$\begin{array}{|l|r|r|}\hline \text { Sales (all on credit) } & & \$ 70,000 \\\hline \text { Cost of goods sold } & & 22,000 \\\hline \text { Gross profit from sales } & & 48,000 \\\hline \text { Depreciation expense } & 1,400 & \\\hline \text { Salaries and wages } & 10,500 \\\hline \text { Rent expense } & 2,200 \\\hline \text { Interest expense } & 680&14,780 \\\hline \text { Operating income } & & 33,220 \\\hline \text { Gain on sale of equipment } & & 4,000 \\\hline \text { Profit } & & 37,220\\\hline\end{array}$ Aplec Corp.
Balance Sheet
December 31,
$\begin{array}{|l|r|r|}\hline & \mathbf{2 0 2 1} & \mathbf{2 0 2 0} \\\hline \text { Cash } & 142,200 & 56,980 \\\hline \text { Accounts receivable } & 4,600 & 1,000 \\\hline \text { Merchandise inventory } & 11,200 & 14,200 \\\hline \text { Long-term investments } & 101,000 & 112,800 \\\hline \text { Equipment } & 254,000 & 200,000 \\\hline \text { Accumulated depreciation, equipment } & 39,756 & 28,356 \\\hline & 473,244 & 356,624 \\\hline\\\hline \text { Accounts payable } &6,000 &6,800 \\\hline \text { Salaries and wages payable } & 1,400 & 1,200 \\\hline \text { Bonds Payable } & 49,000 & 63,000 \\\hline \text { Common shares } & 196,000 & 100,000 \\\hline \text { Retained earnings } & 220,844 & 185,624 \\\hline & 473,244 & 356,624\\\hline\end{array}$