Reconciling the income statement, the direct method, and the indirect method

Battery Builders, Inc. prepared statements of cash flows under both the direct and indirect methods. The operating sections of each statement under the two methods follow:

DIRECT METHOD

Collections from customers

$26,000

Payments in suppliers

(13,000)

Payments for operating expenses

(10,000)

Cash provided (used i by operating activities

$3,000

INDIRECT METHOD

Net income

$9,000

Depreciation

3,000

Gain DT mile 4d equipment

(2,000)

Increase in inventory

(3,000)

Increase in accounts receivable

(3,000)

Increase to accounts payable

1,000

Decrease in accrued payables

(2,000)

each provided fused, by operating activities

$3,000

REQUIRED:
Prepare an income statement from the information provided.

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