Direct and Indirect Methods The Dauve Company reported the following condensed income statement for 2010:

During 2010, the following changes occurred in the company’s current assets and current liabilities:

Required

1. By visual inspection, prepare the net cash flow from operating activities section of the Dauve Company’s 2010 statement of cash flows using the indirect method.

2. By visual inspection, prepare the net cash flow from operating activities section of the Dauve Company’s 2010 statement of cash flows using the direct method.