Please prepare cash flow statement for December 31th 2008. For operating activities, please use both direct and indirect way and show all the steps

Digit Retail Enterprises Inc. provides you with its balance sheets dated December 31st2007 and December 31st 2008 and its income statement for calendar year 2008 Assets Cash Accounts Receivable 36,000 23,000 48,000 9,000 2,000 20,000 38,000 65,000 12,000 Merchandize Inventory Prepaid Insurance Prepaid Rent Property Plant and Equipmentt 107,600 cost Less Accumulated Depreciation (20,000) Total Assets Liabilities and Equit 110,000 (25,000) 220,000 205,600 Accounts Payable - Merchandize 18,000 Suppliers Salaries Pavable Rent Payable Unearned Revenue Common Stock 20,000 2,100 5,500 8,500 160,000 11,500 205,600 2,800 14,800 6,100 164,500 11,800 220,000 Retained Earnings Total Liabilities and Shareholders' Equit Digit Retail Enterprises: Income Statement for Calendar Year 2008 Less Expenses Additional Info: Digit Retail purchased new equipment for $20,400 during 2008