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Please provide me with correct solution to the following problem. Thank you. (SCF-Direct and Indirect Methods from Comparative Financial Statements) Cooper Company, a sports retailer

Please provide me with correct solution to the following problem. Thank you.

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(SCF-Direct and Indirect Methods from Comparative Financial Statements) Cooper Company, a sports retailer operates several stores and is a publicly traded company. The comparative balance sheet and income statement for Cooper as of October 31, 2014, are below. The company is preparing its statement of cash flows. The following is additional information concerning Cooper's transactions during the year ended October 31, 2014. All sales during the year were made on account. All merchandise was purchased on account, comprising the total accounts payable account. Plant assets costing $75,000 were purchased by paying $50,000 in cash and issuing 3,000 shares of stock. The "other expenses" are related to prepaid items. All income taxes incurred during the year were paid during the year. In order to supplement its cash, Cooper issued 2,000 shares of common stock for $13,000 Cash dividends of $99, 900 were declared and paid at the end of the fiscal year. (a) Compare and contrast the direct method and the indirect method for reporting cash flows from operating activities. (b) Prepare a statement of cash flows for Cooper Company for the year ended October 31, 2014, using the direct method. Be sure to support the statement with appropriate calculations. (A reconciliation of net income to net cash provided is not required.) (c) Using the indirect method, calculate only the net cash flow from operating activities for Cooper Company for the year ended October 31, 2014

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