Prepare a statement of cash flow on both a direct and indirect basis.

I _ Prepare a statement of cash flow on both a direct and indirect basis Cash Accounts receivable, net Inventory Prepa i d expenses Investments-held to maturity Property, plant & equipment Accumulated depreciation Patents Tota I Assets Liabilities & Equity Accounts payable Accrued liabilities Taxes pava ble Long-term Notes Payable Common stock Additional paid in capital Paid in capital stock options Retained earnings Total liabilities and equity Cost of goods sold Gross profit Operati ng expenses Pre-tax Operating income Gain on sale of investments Gain on sale of equipment Pre-tax income Income taxes Net income 2023 215,000 77,000 84,000 12,000 70,000 7 50,000 -90,000 6,000 27,000 38,000 16,000 100,000 200,000 236,000 100.000 407 ,ooo 780,000 670,000 290,000 380,000 6,000 4,000 390,000 78,000 312,000 2022 70,000 55,000 20,000 550,000 -70,000 10,000 775,000 200,000 236,000 135,000 775,000 Di fference 145,000 22,000 24,000 -10,000 -20,000 349,000 12,000 100,000 212,000 349,000 Dividends Reta ined earnings 12/31/22 Net Income Reta ined ea rnings 12/31/23 Divi dends 195,000 312,000 -407,000 100,000 a. Stock option expense of 550,000 was recognized in 2023 b. Equipment of $210,000 was purchased using $100,000 note payable and cask c Equipment with cost of $10,000 and book value of $5,000 was sold for 59,000 d. Investments with a cost of S 10,000 were sold for S 16,000