The Following Income Statement and Additional Information for MDB,Inc Required:
1

The following income statement and additional information for MDB,Inc.is relevant to the statement of changes in financial position. $\begin{array}{|l|l|l|l|} \hline& \text { Income Statement } & \text { Additional Information } & \\\hline \text { Sales............. } & \$ 500,000 & \text { Increase in Acct/Rec........ } & \$ 10,000 \\\hline \text { Cost of goods sold. } & (\mathbf{3 0 0 , 0 0 0 )} & \text { Increase in Inventory....... } & \$ 5,000 \\\hline \text { Operating expenses. } & (\mathbf{1 4 0 , 0 0 0 )} & \text { Decrease in Acct/Pay....... } & \$ 8,000 \\\hline \text { Net Income......... } & \mathbf{6 0 , 0 0 0} & \text { Increase in Accrued Oper. exps } & \$ 6,000\\\hline\end{array}$ Required:
1.Prepare a schedule showing cash from operations (direct method).
2.Prepare a schedule showing cash from operations (indirect method).