This is the 6th time that I am posting this problem, and I still did not get an answer. I am very disappointed with Chegg, I have been waiting the whole day for your help.

I need to solve this problem with two methods of cash flows statement

1.indirect method

2.direct method

Please...

Cookie Creations 17 Natalie has prepared the balance sheet and income statement of Cook Coffee Creations Inc. for the first year of operations, but does not understand how to prepare the statement of cash flows. The income statement and balance sheet appear below. Recall that the company started operations on November 1, 2017, so all of the opening balances are zero. The income statement and balance sheet appear below. Recall that the company started operations on November 1, 2017, so all of the opening balances are zero. Additional information: 1. Recall from Chapter 15 that the company bought kitchen equipment (a commercial oven) for $17,000 on November 1, 2017, and signed a $12,000 note payable to help pay for it. The terms provide for semiannual fixed principal payments of $2,000 on May 1 and November 1 of each year, plus interest of 5%. All other furniture, fixture, and equipment were purchased during the year for cash 2. Recall from Chapter 14 that the company originally issued 25,930 common shares for $25,930, of which 750 shares were repurchased from the lawyer for $500 COOKIE & COFFEE CREATIONS INC. Income Statement Year Ended October 31, 2018 Sales $462,500 Cost of goods sold 231,250 Gross profit 231,250 Operating expenses Salaries and wages expense 592,500 Depreciation expense 9,850 Other operating expenses 138,337 35,987 92.913 Income from operations Other expenses Interest expense 92,500 Income before income tax 18,500 Income tax expense $74,000 Net income COOKIE & COFFEE CREATIONS INC. Balance Sheet COOKIE & COFFEE CREATIONS INC. Balance Sheet October 31, 2018 Assets Current Assets Cash Accounts receivable Inventory Prepaid Rent Property, Plant, and Equipment Equipment Accumulated depreciation-equipment Total assets Liabilities and Stockholders' Equity Current Liabilities Accounts payable $32,219 3,250 17,897 6,300 $59,666 99,700 (9,850) 89,850 $149,516 $5,848 Total assets $149,516 $5,848 18,500 2,250 4000 $31.486 6,000 37,486 Liabilities and Stockholders' Equity Current Uabilities Accounts payable Income tax payable Dividends payable Salaries and wages payable Interest payable Note payable-current portion Long-term Liabilities Note payable-long-term portion Total abilities Stockholders' Equity Paid in capital Preferred stock, 2.800 shares issued and outstanding $14,000 Common stock, 25,930 shares issued, 25,180 outstanding 25,930 Retained earnings Total paid-in capital and retained earnings Less: Treasury stock-common (750 shares), at cost Total stockholders' equity Total abilities and stockholders' equity 39,930 72,600 112.530 (500) 112.030 $149,516