please help!!

1. Operating Cash Flows The financial statements of Flickmark Corporation provide the following informationfor the year 2020: End of Beginning of Year Year Cash 1,500,000 524,600 Account Receivable 201,000 221,000 Interest Receivable 100,000 80,000 Inventory 249,000 233,000 Short-term Prepayments 12,000 9,500 Account Payable (for Merchandise 177,000 170,000 Accrued operating expenses payable 25,500 33,200 Accrued Income taxes Payable 12,600 15,500 Net sale 801,000 Interest Revenue 60,000 Cost of goods sold 465,000 Operating expenses (Including depreciation of $60,000) 320,000 Income taxes expense 39,000 Issued capital stock in exchange for $800,000 with cash receipt of $600,000.00 and $200,000 in credit Aug 4 Purchased office equipment on account for $85,600 Dec 6 Declared Dividend of $45,000.00 and made cash payment of $20,000.00 Dec 22 Paid $55,000.00 on the office equipment purchased on August 4 Dec 31 Paid Interest of $4,500.00 of Note payable Equipment was purchased on 01/01/2015 for $640,000 with a useful life of 10 years and a residual value of $40,000.00. Flickmark uses the straight line depreciation method. The equipment was sold for cash on December 31, 2020 for $380,000.00 Question: 1. Use the information above to prepare the statement of Cash flow for the year 2020 using the direct method. 2. Compute the gain or loss on sales of the equipment. Sept 2