The following is balance sheet information for MELANSON Ltd: Assets 2021 2020 Cash $ 220 $ 132 A/R 80 120 Inv 60 40 Prepaid Exp 20 4 Land 560 120 Building 640 160 Acc. DepBuilding (44) (20) Equipment 108 40 Acc. DepEquipment (12) (4) Totals $1,632 $592 Liabilities and Equity A/P $ 112 $ 48 Tax/P 24 32 B/P 520 80 C/S 280 200 R/E 696 232 Totals $1,632 $592 The income statement for MELANSON Ltd for 2021 Sales $2,028 CGS 600 GP 1,428 Depreciation exp $ 36 Other operating exp 564 Loss on disposal of equipment 12 Interest exp 48 Income tax expense 188 Net income $ 580 Additional information for 2021: i. Equipment with an original cost of $32 and accumulated amortization of $4 was sold for $16 cash during the year. Equipment was acquired for cash during the year. ii. Depreciation expense consists of $24 for the building and $12 for equipment. iii. Cash dividends were declared and paid during the year. iv. MELANSON acquired land by issuing a $440 B/P [long term]. Required: a. Prepare a statement of CFS for 2021, using the indirect method. b. Prepare the CFO section using the DIRECT method.