Land 10000 4000 The following are income statement and comparative statement of financial position for Nobel Corporation for the year ended 31/12/2019 sales 1.160,000 C.G.S (848,000) gross income 312000 Operating expenses (284.100) income from operating 27900 Income from investment equity methods 6000 Interest expenses (5750) Other gain or losses 6400 tax (2650) net income 31900 Comparative statement of financial positions for the year ended 31/12/2019 ASSETS 2019 2018 L. S. Equity 2019 2018 50000 50000 Share ordinary 140000 102000 Building 12250078500 Share premium Accum-building 1-30000 -23000 Retained earning 73400 51500 Equipment 53000 46000 Mortgage 73000 53400 Accum-equipment -19000 - 15500 Bonds payable 50000 62500 Furniture 39000 39000 Accounts payablc 26000 16000 Accum - Fumiture -22000-20500 Notes payable 4000 6000 Patents 17500 0000 Tax payable 3000 4600 Inventories 8150057000 Equity investment 25000 19000 Prepaid expenses 4200 2500 Account receivables 43000 45000 Allowance for dout. -1800-2000 cash 16500 24000 Total assets 379400 300000 Totals 379400 300000 Additional information: 1) Building was exchange with ordinary shares. 2) Equipment with cost 23000 and accumulated depreciation 8000 was sold for $21400. 3) Operating expenses include depreciation. 4) Interest expenses include 500 of amortization discount bonds 5) Dividend are declared and paid during the year $10000 Required: 1- Prepare the statement of cash flows for the year ended 31/12/2019under direct method? Prepare cash from operating under indirect method