The following balance sheet and income statement data were taken from the records of Standard Center Manufacturing for the year ended December 31, 2018.
The company sells goods and provides services. All sales are made on account, and cash is received in advance on services with service revenues being recognized after services are performed.
Prepare the operating section of the statement of cash flows, and present it under both the direct and indirect methods.

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2018 2017 BALANCE SHEET $ 20,200 $ 22,800 Cash Accounts receivable 28,800 34,800 Inventory 42,900 43,900 4,100 6,300 Interest receivable Prepaid rent 3,900 1,200 $ 99,900 $109,000 Total current assets Investments 18,200 23,500 Equipment (net) 43,900 62,500 $162,000 $195,000 Total $ 12,500 $ 8,600 Accounts payable Salaries and wages payable 11,100 11,500 Interest payable 1,800 2,100 Dividends payable 900 1,700 Income taxes payable 1,200 3,200 Unearned revenue 7,200 9,600 $ 34,700 $ 36,700 Total current liabilities Notes payable 75,400 97,300 Common stock 25,000 25,000 Retained earnings 26,900 36,000 $162,000 $195,000 Total INCOME STATEMENT Sales revenues $ 67,500 Service revenue 28,200 Interest revenue 7,300 Cost of goods sold (19,500) Salaries and wages expense (28,400) Rent expense (21,500) Interest expense (7,200) Depreciation expense (4,300) Loss on sale of investments (17,900) Net income before taxes $ 4,200 Income tax expense 1,400 Net income $ 2,800