The income statement and other selected data for Boyer Company follow:

Supplemental information:
a. Dividends declared and paid $ 800
b. Land purchased 3,000
c. Land sold 500
d. Equipment purchased 2,000
e. Bonds payable retired 2,000
f. Common stock sold 1,400
g. Land acquired in exchange for common stock 3,000
h. Increase in accounts receivable 400
i. Increase in inventories 800
j. Increase in accounts payable 500
k. Decrease in income taxes payable 400

Required

a. Prepare a schedule of change from an accrual basis to a cash basis income statement.

b. Using the schedule of change from accrual basis to cash basis income statement computed in (a), present the cash provided by operations, using (1) the direct approach and (2) the indirect approach.