can i get the correct answers to Direct Method,Indirect Method

GL1201 (Algo) - Based on Exercise 12-11 LO P2, P3, A1 Use the following financial statements and additional information GREEN INCORPORATED Comparative Balance Sheets June 30, 2019 and 2018 2019 2018 Assets Cash $ 65,480 $ 23,600 Accounts receivable, net 68,000 53,000 Inventory 71,000 98,000 Prepaid expenses 6,200 7.800 Total current assets 210,600 182,400 Equipment 282,000 187,000 Accumulated depreciation Equipment (51,000) (17,000) Total assets $361,600 $ 352,400 Liabilities and Equity Accounts payable $ 34,000 $ 42,000 Wages payable 8,000 19,000 Income taxes payable 4,900 5,4ee Total current liabilities 46,900 66,400 Notes payable (long tern) 45,000 90,000 Total liabilities 91,900 156,400 Equity Common stock, $5 par value 220,000 160,000 Retained earnings 49,700 36,000 Total liabilities and equity $361,600 $ 352,480 GREEN INCORPORATED Income Statement For Year Ended June 30, 2019 Sales $ 1,880,800 Cost of goods sold 661, Bee Gross profit 419,000 Operating expenses Depreciation expense 5.91,800 Other expenses 107,eee Total operating expenses $ 198,800 221,000 Other gains (losses) Gain on sale of equipment 7,700 Income before taxes 228,70 Income taxes expense 78,810 Net income $ 158,690 Additional Information a. A $45,000 note payable is retired at its $45,000 carrying (book) value in exchange for cash. b. The only changes affecting retained earnings are net income and cash dividends paid. c. New equipment is acquired for $89,000 cash. d. Received cash for the sale of equipment that had cost $74,000. yielding a $7700 gain, e. Prepaid Expenses and Wages Payable relate to Other Expenses on the income statement 1. All purchases and sales of inventory are on credit. yielding a 70 yani. e. Prepaid Expenses and Wages Payable relate to Other Expenses on the income statement. f. All purchases and sales of inventory are on credit. Requirement General General Journal Indirect Ledger Trial Balance Direct Method Method Prepare the Statement of Cash flows for the year ended June 30, 2019 using the Direct Method. Hint Use the Cash T- account on the General Ledger tab to identify the sources and uses of cash. List cash outflows as negative values. Post-closing GREEN INCORPORATED Statement of Cash Flows (Direct Method) For Year Ended June 30, 2019 Cash flows from operating activities: Cash paid for merchandise $ 1,065,000 Cash received from customers 1,065,000 Cash paid for income taxes 642,000 Cash paid for operating expenses 116,400 Net cash provided by operating activities Cash flows from investing activities: $ 2,888,400 Cash flows from financing activities: a. A $45,000 note payable is retired at its $45,000 carrying (book) value in exchange for cash. b. The only changes affecting retained earnings are net income and cash dividends paid. c. New equipment is acquired for $89,000 cash. d. Received cash for the sale of equipment that had cost $74,000, yielding a $7,700 gain. e. Prepald Expenses and Wages Payable relate to other Expenses on the income statement f. All purchases and sales of inventory are on credit. Requirement General General Journal Indirect Ledger Trial Balance Direct Method Method Prepare the operating activities section of the statement of cash flows using the indirect method. Enter reductions to net cash provided by operating activities as negative values. Post-closing GREEN INCORPORATED Statement of Cash Flows (Indirect Method) For Year Ended June 30, 2019 Cash flows from operating activities: Adjustments to reconcile net income to net cash provided by operating activities: Income statement Items not affecting cash Changes in current operating assets and liabilities Net cash provided by operating activities, using the direct method. $2,888,400