Presented below are the 2016 income statement and comparative balance sheet information for Siegfried & Royce (S&G). Prepare S&G's 2016 statement of cash flows, using the indirect method to present cash flows from operating activities. Prepare the cash flows from operating activities section of S&G's 2016 statement of cash flows using the direct method. Assume that all purchases and sales of inventory are on account, and that there are no anticipated bad debts for accounts receivable