Prepare a statement of cash flow on both direct and indirect method (please show all calculations)

	2017	2016
Cash	675,000	410,000
Accounts receivable	755,000	600,000
Allowance for doubtful accounts	-96,000	-80,000
Inventory	595,000	610,000
Equity securities (FV)	125,000	100,000
Equity securities (equity method)	215,000	200,000
Investments (held to maturity)	650,000	750,000
Property, plant & equipment	2,400,000	2,080,000
Accumulated depreciation	-520,000	-420,000
Patents	90,000	100,000
Total Assets	$4,889,000	$4,350,000
Accounts payable	600,000	570,000
Accrued expenses	55,000	30,000
Income tax payable	101,000	80,000
Dividends payable	50,000	-
Notes payable, long-term	630,000	700,000
Common stock	2,370,000	2,320,000
PIC - stock options	37,000	-
Retained earnings	1,046,000	650,000
Total liabilities and equity	$4,889,000	$4,350,000
	Cold Company
	Income Statement
Sales revenue	$9,750,000
Cost of goods sold	4,650,000
Gross profit	5,100,000
Selling & administrative expenses	4,270,000
Income from operations	830,000
Investment income (Equity Method)	15,000
Gain on sale of investments	10,000
Unrealized gain on equity sec	25,000
Loss on sale of equipment	-10,000
Pre-tax income	870,000
Income taxes	174,000
Net income	$696,000

Other information:
a. Equipment that cost $180,000 and had $120,000 in accumulated depreciated was sold during current year
b. Cash dividends were declared and paid
c. Common stock was exchanged for $50,000 in PP&E
d. Investments that cost $100,000 were sold during the year
e. Notes payable were repaid