Wizard company had available at the end of 2015 the information below:

	2015	2014
Cash	20,000	12,000
Short term investment	31,500	40,000
Inventory	95,600	90,000
Prepaid expenses	15,600	26,000
Land	200,000	260,000
Buildings	650,000	650,000
Accumulated depreciation- buildings	(75000)	(57000)
Equipment	346,000	150,000
Accumulated depreciation- equipment	(41,000)	(60,000)
Patents	68,000	72,000
Total asset	1,310,700	1,183,000

Accounts payable	81,000	86,900
Income taxes payable	26,800	21,000
Salaries and wages payable	0	8,000
Notes payable, short term	25,000	25,000
Long-term notes payable	50,000	75,000
Bonds payable	600,000	600,000
Discount on bonds payable	(36,015)	(40,865)
Common stock	298,600	206,000
Retained earnings (2015 dividends =40,000)	265,315	201,965
Total liabilities	1,310,700	1,183,000

Income statement and dividends information for the year ended December 31, 2015:

Sales revenue		1,560,000
COGS		976,000
Gross margin		584,000
Operating expenses:
Selling expense	160,800
Administrative expense	116,100
Depreciation/Amortization expense	63000
Total operating expense		339,900
Income from operation		244,100
Other revenues/expenses:
Gain on sale of land	21,000
Loss on sale of short term investment	(8000)
Dividend revenue	4,100
Interest expense	(95,350)	(78,250)
Income before taxes		165,850
Income tax expense		62,500
Net income		103,350

Required:- Prepare a statement of cash flows for Wizard Cpmpany using the direct method. Prepare sepreatly the statement cash flow using indirect method. Assume the short term investments are classfied as available for sale.

Assume that there is no change in Account receivable.