URGENT HELP!!!

Section B: Problem Solving- Show all workings (70 points) Problem 1-Statement of cash flows (direct and indirect methods). (30 Points) Brother's Habet Limited has prepared the following comparative balance sheets for 2020 and 2021: 2021 2020 Cash $ 282,000 $ 153,000 Accounts receivable 139,000 117,000 Inventory 150,000 180,000 Prepaid expenses 18,000 27,000 Plant assets 1,295,000 1,050,000 Accumulated depreciation (450,000) (375,000) Patent 153,000 174,000 $1.587.000 $1.326.000 Accounts payable $ 168,000 $ 153,000 60,000 Accrued liabilities 42,000 Mortgage payable 450,000 Preferred stock 525,000 Additional paid-in capital-preferred 120,000 Common stock 600,000 600,000 Retained earnings 129,000 66,000 $1.587.000 $1.326.000 1. The Accumulated Depreciation account has been credited only for the depreciation expense for the period. 2. The Retained Earnings account has been charged for dividends of $138,000 and credited for the net income for the year. The income statement forpanel is as folloos: Page - Q+ C1 000 ANA Mortgage payable 450,000 Preferred stock 525,000 Additional paid-in capital preferred Common stock 120,000 600,000 600,000 Retained earnings 129,000 66,000 $1,587,000 $1,326,000 1. The Accumulated Depreciation account has been credited only for the depreciation expense for the period. 2. The Retained Earnings account has been charged for dividends of $138,000 and credited for the net income for the year. The income statement for 2021 is as follows: Sales revenue $1,980,000 Cost of sales 1,089,000 Gross profit 891,000 690,000 Operating expenses Net income $201.000 Instructions: (a) From the information above, prepare a statement of cash flows (indirect method) for Brother's Habet. for the year ended December 31, 2021. (20 Points) (b) From the information above, prepare a schedule of cash provided by operating activities using the direct method. (10 Points)