please prepare a cash flow-- calculate income from both the direct & indirect method.

ADAMS CORPORATION Comparative Balance Sheet December 31, 2018 and 2017 2018 2017 Increase (Decrease) $ $ 22,000 22,000 35,000 3,000 23,000 34,000 $ 19,000 (1,000) 1,000 Assets urent Assets: Cash Accounts Receivable Merchandise Inventory Long-term Assets: Plants Assets Accumulated Depreciation - Plant Assets Total Assets 153,200 (27,200) $ 205,000 97,200 (25,200) $ 132,000 56,000 (2,000) $ 73,000 Liabilities Current Liabilities: Accounts Payable Accrued Liabilities Income Tax Payable Long-term Liabilities: Bonds Payable Total Liabilities $ 35,000 7,000 10,000 $ 26,000 9,000 10,000 $ 9,000 (2,000) 84,000 136,000 53,000 98,000 31,000 38,000 Stockholders' Equity Common Stock, no par 52,000 Retained Earnings 27,000 Treasury Stock (10,000) Total Stockholders' Equity 69,000 Total Liabilities and Stockholders' Equity $ 205,000 20,000 19,000 (5,000) 34,000 $132,000 32,000 8,000 (5,000) 35,000 $ 73,000 $ 662,000 560,000 102,000 ADAMS CORPORATION Income Statement Year Ended December 31, 2018 Net Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses: Salaries and Wages Expense $ 46,000 Depreciation Expense-Plant Assets 10,000 Rent Expense 2,000 Total Operating Expenses Operating Income Other Income and (Expenses): Loss on Disposal of Plant Assets (2,000) Total Other Income and (Expenses) Net Income Before Income Taxes Income Tax Expense Net Income 58,000 44,000 (2,000) 42,000 16,000 $ 26,000 Transaction data for 2018 Cash paid for purchase of equipment Cash payment of dividends Issuance of common stock to retire bonds payable Issuance of bonds payable to borrow cash Cash receipt from issuance of common stock Cash receipt from sale of equipment (Cost, $84,000; Accumulated Depreciation, $8,000) Cash paid for purchase of treasury stock $140,000 18,000 13,000 44,000 19,000 74,000 5,000