this is all of the directions provide. I need to make a statement of cash flows in the direct and indirect method

this is my attempt on the direct. numbers are still off

this is my attempt for indirect

Part I. Prepare the Statement of Cash Flows using the Direct Method Part II - Prepare the Statement of Cash Flows using the Indirect Method CH16 Graded Written Homework 2019 $ Printers Corporation Balance Sheet December 31, 2020 2020 Assets Cash 55.000 Accounts receivable, net 19,000 Inventories 20,000 Prepaids expenses 1,000 Land 130,000 Equipment 187,000 Accumulated Depreciation (14,000) 398,000 Liabilities & Stockholders' Equity 33,000 24,000 10,000 7,000 20,000 50,000 (6,000) 138,000 $ $ 8,000 12,000 6,000 Accounts payable Operating expenses payable Income taxes payable Dividends payable Bonds payable Common stock Paid-in capital in excess of par-CS Retained carnings 4,000 20,000 3,000 2,000 20,000 8,000 130,000 10,000 68,000 164,000 398,000 33,000 48,000 138,000 $ $ S 507,000 Printers Corporation Income Statement For the year ended December 31, 2020 Sales Cost of goods sold $ 150,000 Operating expenses 111,000 Depreciation expense 12,500 Loss on sale of equipment 3,000 Interest expense 42,000 Income before income tax Income tax expense Net income 318,500 188,500 47.000 141,500 S Additional facts for 2020: a. Issued $110,000 in long-term bonds in exchange for land b. Issued common stock for cash c. All equipment transactions were for cash; purchased equipment costing $160,000 008 Wed 7:21 PM Joe AutoSaver Insert Draw $ 0 EA Page Layout C H16 Graded Written.. - Saved to my M Tell me what you want to do e Share Home A. = 0 % Conditional Formatting v 22 Format as Table Cell Styles Clipboard Font Alignment Number Cells Editing Ideas A17 x v fx cash flows from financing activties: CCE Printers Corporation Statement of Cash Flows For Year End December 31, 2020 Cash flows from operating activites: Cash Received from customers (507,000+8,000) 515,000 Cash Paid for merchandise (150,000+10,000-4,000) 156,000 re: Cash Paid for operating expenses (111,000-6,000) 105,000 Cash Paid for Interest 42,000 Cash Paid for income tax (47,000-3,000) 44,000 347,000 10 Net cash provided by operating activities 168,000 12 Cash flows from investing activities: Cash Paid for equipment Cash loss from sale of equipment (8,000-3,000) 15 Net cash provided by investing activites (137,000) 5,000 (132,000) 37,000 23,500 17 Cash flows from financing activtics: 18 Cash received from the issuance of stock (2,000+35,000) Cash Paid for dividends (25,500-2,000) 20 Net cash used for financing activities Dis 21 Net increase in cash 22 Cash balance, December 31, 2019 23 Cash balance, December 31, 2020 13.500 22,500 Should be $22,000 33.000 55.500 Should be $55.000 need 26 reading 28 ompleto have pr: scussio You sho mal respo Direct Indirect shoots + 10 Keynote AutoSave OFF S U EQ Home Insert Draw Page Layout 56% Wed 7:22 PM Joe Q = CH16 Graded Written... - Saved to my Mac Tell me what you want to do Share Conditional Formatting BO4 Format as Table Cells Cell Styles Ideas = 0 Clipboard Font Alignment Number Editing E14 x V fx 141,500 For Year End December 31, 2020 4 Cash flows from operating activites: Net Income Adjustments to reconcile net income to net cash flows from operating activites: Depreciation expenses Loss on sale of equipment Decrease in Accounts Receivable Increase in inventory Decrease in prepaid expenses Increase of Accounts Payable 13 Net cash provided by operating activities 12,500 3,000 5,000 (10,000) 6,000 4,000 20,500 162.000 16 Cas Cash Paid for equipment 17 Cash loss from sale of equipment (8,000-3,000) 18 Net cash provided by investing activities (137,000) 5.000 (132,000) 21 Cal Cash received from the issuance of stock (2,000+ 35,000) Cash Paid for dividends (25,500-2,000) Net cash used for financing activities 37,000 23.500 25 Net increase in cash 26 Cash balance, December 31, 2019 27 Cash balance, December 31, 2020 13.500 16.500 Should be $22.000 33,000 55.500 Should be $55,000 pr 33 sios ho Direct Indirect Sheet + + 100%