please describe each and every point clearly

Blue Chip Ltd. Income Statement For the Year Ended December 31, 2020 Revenues: Sales revenue Interest revenue Total revenues $ 438,000 11,700 449,700 $ 185,200 75,000 15,300 Expenses: Cost of goods sold Salary expense Depreciation expense Other operating expense Interest expense Income tax expense Total expenses Net income 49,700 24,600 16,900 366,700 83,000 $ = Required: Prepare the 2020 statement of cash flows by using the direct method