** Prepare the statement of cash flow in indirect and direct method?

This is a comprehensive Statement of Cash Flow prepared under the Direct Method, with the required supplemental schedule which reconciles Net Income to Cash Flows Provided by Operations.

Statement of Cash Flow Worksheet Balance Sheet Informatio n: Cash Accounts Receivable $ Less: Allow. For D/A $ Prepaid Insurance $ Equity method inves$ Inventory Equipment Less: Accum Dep'n Total Assets 150,000 214,000 10,000) 27,000 180,000 645,000 1,730,000 680,000 2,256,000 250,000 256,500 12,000) 35,000 195,000 717,300 $1,930,000 550,000 $2,821,800 Accounts Payable$ Other Accrued Exp.$ Bonds Payable Less Discount Common Stock Additional Paid in Car $ Retained Earnings$ Less Treasury Stoclk Total Liabs. & Equity $ 192,000 234,000 180,000 246,800 $1,000,000 (45,000) 30,000 $1,200,000 710,000 500,000 $2,821,800 30,000 1,200,000 600,000 2,256,000 Income Statement Information: Sales Investment Income COGS Depreciation Operating Expenses Interest Expense Bad Debt Expense Gain on Sale of Equipment $3,200,000 25,000 $(1,850,000) $(140,000) (750,000) (30,000) 25,000) 20,000 450,000 Net Income