Blair Corporation Reported the Following for Year 2 Required:
A)Use the Reconciliation Approach to Compute the Appropriate Figures

Blair Corporation reported the following for Year 2:
$\begin{array}{lrr}&\text { Beginning }&\text {Ending }\\\text { Accounts receivable } & \$ 40,000 & \$ 38,000 \\\text { Merchandise inventory } & 32,000 & 36,000 \\\text { Prepaid insurance } & 200 & 140 \\\text { Interest receivable } & 1,800 & 600 \\\text { Accounts payable } & 2,500 & 4,200 \\\text { Salaries payable } & 4,000 & 3,600\\\text { Other information: }\\\text { Sales (all on account) } & \$ 280,000 \\\text { Interest revenue } & 10,000 \\\text { Cost of goods sold } & 160,000 \\\text { Salaries expense } & 24,000 \\\text { Insurance expense } & 2,200\end{array}$
Required:
a)Use the reconciliation approach to compute the appropriate figures for cash flows from operating activities.
b)Using the direct method,present in good form the cash flows from the operating activities section of a statement of cash flows.