Statement of Cash Flows, Operating Activities Section, Indirect Method. Repeat the requirements of P6-9 under the indirect method P6-9 Statement of Cash Flows, Operating Activities Section, Direct Method. Snail Company provided the following V balance sheet and income statement for the current year. Prepare the operating activities section of the cash flow statement using the direct method. Accrued expenses relate to Selling, General and Administrative Expenses Snail Company Balance Sheet At December 31 Ending Beginning Current Assets Cash Accounts Receivable Merchandise Inventory 1,000 5,500 4,000 $10,500 5,000 7000 1,800 $13,800 Total Curment Assets Noncurrent Assets Investments in Bonds Property, Plant, and Equipment-net S30,000 $50,000 $80000 90,500 6,000 $60,000 $66,000 $79,800 Total Noncurrant Assets Total Noncurrent Assets Total Assets Liabilities Current Liabilities Accounts Payable Accrued Expenses Inccme Taxes Payable $ 3,200 6,700 1,500 $11,400 S 4,400 6,550 450 $11,400 Total Current Liebilities