In Year 1, Expert Electronics, Incorporated (EEI) recognized $8,000 of sales revenue on account and collected...

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In Year 1, Expert Electronics, Incorporated (EEI) recognized $8,000 of sales revenue on account and collected $4,900 of cash from accounts receivable. Further, EEI recognized $3,700 of operating expenses on account and paid $2,100 cash as partial settlement of accounts payable. Required Based on this information alone: a. Prepare the operating activities section of the statement of cash flows under the direct method. b. Prepare the operating activities section of the statement of cash flows under the indirect method. Complete this question by entering your answers in the tabs below. Required A Required B Prepare the operating activities section of the statement of cash flows under the direct method. (Cash outflows should be indicated with a minus sign.) Direct Method Cash flows from operating activities: Net cash flow from operating activities < Required A Required B > In Year 1, Expert Electronics, Incorporated (EEI) recognized $8,000 of sales revenue on account and collected $4,900 of cash from accounts receivable. Further, EEI recognized $3,700 of operating expenses on account and paid $2,100 cash as partial settlement of accounts payable. Required Based on this information alone: a. Prepare the operating activities section of the statement of cash flows under the direct method. b. Prepare the operating activities section of the statement of cash flows under the indirect method. Complete this question by entering your answers in the tabs below. Required A Required B Prepare the operating activities section of the statement of cash flows under the direct method. (Cash outflows should be indicated with a minus sign.) Direct Method Cash flows from operating activities: Net cash flow from operating activities < Required A Required B >