explain working step by step

Additional data: 1. Equipment that cost 510,000 and was 60 \&eprociated was sold in 2012. 2. Cash dividends were declared and paid during the yeat. 3. Common stock was iscued in echange for land. 4. Investenents that cost 535,000 were sold during the yeat. 5. There were no write-offs of uncollectible accounts during the year. Sharpe's 2012 income statement is as follows. Required: Prepare Statement of Cash Flows using both Indirect and Direct Method