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Expert Electronics, Inc. (EEI) recognized $7,400 of sales revenue on account and collected $4,500 of...

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Accounting

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Expert Electronics, Inc. (EEI) recognized $7,400 of sales revenue on account and collected $4,500 of cash from accounts receivable. Further, EEI recognized $3,300 of operating expenses on account and paid $1,900 cash as partial settlement of accounts payable. Required Based on this information alone: a. Prepare the operating activities section of the statement of cash flows under the direct method. (Amounts to be deducted should be indicated with a minus sign.) b. Prepare the operating activities section of the statement of cash flows under the indirect method. (Amounts to be deducted should be indicated with a minus sign.)

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