The December 31, 2011, balance sheet of Tybee Corporation is provide below (in millions).

Transactions during January 2012:Paid $5 for employee wages.Collected $10 cash from customers for work previously performed and billed.Purchased equipment for $4 cash.Purchased $2 of supplies for cash.Paid $3 to a vendor for supplies previously purchased on credit in December 2011.Paid the interest owed as of December 31, 2011.Completed $18 in services for customers, receiving 50 percent payment in cash and billing the remainder.Paid $15 to reduce outstanding long-term note payable.Collected $5 for the issuance of common shares.As of 1/31/12:Had performed 25 percent of the services for which it had been paid in advance.Owes $1 for interest that will be paid next month.Depreciated equipment in the amount of $4.Physical count of supplies reveals $3 on hand.Declared and paid cash dividend in the amount of 50 percent of January's net income.REQUIRED:Prepare a complete set of financial statements as of January 31, 2012, and prepare the statement of cash flows under the direct and the indirect (Appendix 4A)method.

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Liabilities and Shareholders' Equity Accounts payable Interest payable Unearned revenue Other short-term payahles Long-term note payable Contributed capital Retained earnings Total Assets Cash Accounts receivable Supplies Prepaid insurance Equipment Less: Acc. dep. (12) 15 S 24 12 12 50 38 10 SI05 50 20 12 SI05 Land Total