A consulting firm entered its second year, and the following are the comparative budgets in the first and the last of the fiscal year

Account title	2008	2007	Change
Cash	56,000	34,000
Accounts Receivable	20,000	30,000
Prepaid expenses	4000	0
Lands	130,000	0
Buildings	160,000	0
Complex building depreciation	(11,000)	0
Equipment	27,000	10,000
Complex depreciation of equipment	(3000)	0
Total Assets	383,000	74,000
liabilities and shareholders equity:
Accounts payable	59,000	4000
Bond loan	130,000	0
Capital	50,000	50,000
Retained earnings	144,000	20,000	+124,000
Total Liabilities	383,000	74,000

Income Statement as on 31st December 2008

Revenue:		507,000
Operating expenses without depreciation	261,000
Depreciation expense	15,000
Loss of equipment sale	3000
Total Expenses		(279,000)
Operating income before tax		228,000
Income tax expense		89,000
Net Income		139,000

Additional information:

1. In 2008 Announced and paid, $ 15,000 in dividends were distributed to shareholders.

2. The facility acquired the land by issuing $ 130,000 in cash, and equipment costing $ 25,000 was purchased in cash

3. During 2008, the facility sold equipment with a book value of $ 7,000 (cost $ 8,000 minus the accumulated depreciation of $ 1,000) for $ 4,000 cash.

Requirement: Prepare the cash flow statement

1. In indirect method and direct method