Use the following financial statements and additional information.

ONPOINT INCORPORATED Comparative Balance Sheets June 30, 2019 and 2018
	2019	2018
Assets
Cash	$ 127,700	$ 74,600
Accounts receivable, net	70,000	55,000
Inventory	65,000	90,000
Prepaid expenses	4,500	5,600
Total current assets	267,200	225,200
Equipment	131,000	121,000
Accumulated depreciationEquipment	(33,000)	(11,000)
Total assets	$ 365,200	$ 335,200
Liabilities and Equity
Accounts payable	$ 28,000	$ 34,000
Wages payable	7,000	17,000
Income taxes payable	3,800	4,200
Total current liabilities	38,800	55,200
Notes payable (long term)	35,000	70,000
Total liabilities	73,800	125,200
Equity
Common stock, $5 par value	250,000	180,000
Retained earnings	41,400	30,000
Total liabilities and equity	$ 365,200	$ 335,200

ONPOINT INCORPORATED Income Statement For Year Ended June 30, 2019
Sales		$ 699,000
Cost of goods sold		427,000
Gross profit		272,000
Operating expenses
Depreciation expense	$ 61,000
Other expenses	69,000
Total operating expenses		$ 130,000
		142,000
Other gains (losses)
Gain on sale of equipment		2,200
Income before taxes		144,200
Income taxes expense		44,140
Net income		$ 100,060

Additional Information

1. A $35,000 note payable is retired at its $35,000 carrying (book) value in exchange for cash.
2. The only changes affecting retained earnings are net income and cash dividends paid.
3. New equipment is acquired for $60,000 cash.
4. Received cash for the sale of equipment that had cost $50,000, yielding a $2,200 gain.
5. Prepaid Expenses and Wages Payable relate to Other Expenses on the income statement.
6. All purchases and sales of inventory are on credit.

Unadjusted

ONPOINT INCORPORATED
Trial Balance
June 30, 2021
Account Title	Debit	Credit
Cash	74,600
Accounts receivable, net	55,000
Inventory	90,000
Prepaid expenses	5,600
Equipment	121,000
Accumulated depreciation - Equipment		11,000
Accounts payable		34,000
Wages payable		17,000
Income taxes payable		4,200
Notes payable (long-term)		70,000
Common stock, $5 par value		180,000
Retained earnings		30,000
Total	346,200	346,200

Need the below for this question:

1) Journal entries

2) Statement of cash flows (Direct Method)

3) Statement of cash flows (Indirect Method)