The following are the income statement and other data or Tanson dron Specialists, Inc.. Income Statement For the year ended December 31, 2015 Sales

The following are the income statement and other data or  Tanson dron Specialists, Inc..Income Statement For the year ended December 31, 2015Sales                                                                                $520,000Cost of goods sold                                                           $230,000                Gross margin                                                 $290,000Operating expenses (other than depreciation) $70,000Depreciation expense                                      $30,000                                                                                         $100,000                             Net income                                         $190,000Changes in current assets (other than cash) and current liabilities during the year were:                                                                          Increase             DecreaseAccounts receivable                                         $20,000Merchandise inventory                                                                 $30,000                                          Prepaid insurance                                          $10,000Accounts payable                                                                        $22,000Accrued liabilities payable                             $5,000Depreciation was the only noncash item affecting net income.a. Prepare a working paper to calculate cash flows from operating activities under the direct      method.b. Prepare the cash flows from operating activities section of the statement of cash flows under      the direct method.c. Prove that the same cash flows amount is obtained under the indirect method by preparing the      cash flows from operating activities section of the statement of cash  flows under the indirect    method. You need not prepare a working paper.