Can you help me with this cash flow statement, please? Can you do it in 5 hours?

The SCQ Corporation manufactures specialty medical tools ranging from $10,000 to$15,000 per unit. The tools are used in hospitals, clinics, and the home hospitality market. SCQ Corporation has contracted with YOUCPA to assist in creating its cash flow statement. In the past, its income statement and balance sheet have been prepared by the internal accountant. It would like you to assist in preparing the cash flows using both the direct and indirect method. Sales and balance sheet information for the years 2009-2010 are below: Balance Sheet SCQ Corporation For period ending 12/31/2010 Assets 2010 2009 Liabilities 2010 2009 Cash 150 100 Account receivable 600 400 Accounts payable 400 300 Inventory 750 500 Accrued taxes payable 200 100 600 400 330 300 35 20 640 500 Paid-in capital 80 80 Retain earnings 465 350 1,185 930 2,150 1,650 Current assets Land 1,500 50 Equipment 1,300 1,000 Current liabilities 50 1,200 Note payable Less: Acc. depreciation 700 600 Deferred taxes Net fixed assets 600 600 Equity: Total fixed assets 650 650 Common stock Total equity Total assets 2,150 Income Statement 1,650 Total equity and liabilities SCQ Corporation For period ending 12/31/ 2010 Items 2010 200 9 Revenue 1,00 900 0 Cost of goods sold 400 350 Gross profit 600 550 Wages expense 110 100 Interest expense 50 40 100 90 Insurance expense 50 50 Other misc. expenses 90 80 Depreciation expense Total expenses 400 360 Operating income 200 190 Taxes: Deferred taxes 15 20 Taxes expense 70 67 Net income after taxes 115 103 Additions to retains earnings 115 103 The information below can be used to complete the direct method of cash flow: Cash flows from operating activities 2010 Cash receipts Received from sales of goods 930 Paid for inventory 400 Paid for employees 110 Paid for interest 50 Paid for taxes 70 Paid for other expenses 320 Cash paid for equipment 100 Cash received for common stock 120 Cash received from note payable 30 Assignment Guidelines: A. Indirect method cash flow/cash flow statement: a. b. What is the investing cash flow? c. B. What is the operational cash flow? What is the financing cash flow? Direct method cash flow: a. b. What is the investing cash flow? c. C. What is the operational cash flow? What is the financing cash flow? What are the differences in the cash flow concepts and procedures between the direct and indirect methods? Please submit your assignment. Here is the template to use for assignment. A - Indirect method cash flow/cash flow statement: 1- What is the operational cash flow? 2- What is the investing cash flow? 3- What is the financing cash flow? B- Direct method cash flow: 1- What is the operational cash flow? 2- What is the investing cash flow? 3- What is the financing cash flow? $ C -What are the differences in the cash flow concepts and procedures between the direct and indirect methods? (1-2 pages) These were used to find the answers above: SCQ Corporation Cash Flow Statement Year ended 12/31/2010 Indirect Method Cash flow from operations Net income Additions (plus to cash) Depreciation Deferred taxes Increase in Accounts Payable Increase in accrued income taxes payable Subtractions from cash Increase in account receivable Increase in inventory Net cash flow from operations Cash flow from investing activities Equipment purchases Cash flow from financing Note payable increase Common stock Net cash flow from financing Net change in cash SCQ Corporation Cash Flow Statement Year ended 12/31/2010 Direct method Cash flows from operating activities Cash receipts received from sales of goods Cash payments paid for inventory purchases paid to employees paid for interest paid for taxes paid for other expenses Net cash provided by operating activities Cash receipts from investing activities Cash paid for equipment purchases Net Cash provided cash for investing Cash flow from financing Cash received from common stock Cash received from notes payable Net cash provided from financing Net change in cash balance