both pictures are for the same question please answer with direct system of cashflows

PR 14-5A Statement of cash flows-direct method applied to PR 14-1A The comparative balance sheet of Flack Inc. for December 31, 2013 and 2012, is as follows: Dec. 31, 2013 Dec. 31, 2012 Assets $234,660 85 440 240,660 $219,720 78,360 231,420 90,000 Cash Inventories .. . . Investments 123,000 264,420 (62,400 $885 780 207 420 (55,500) 771420 Liabilities and Stockholders Equity 159,180 15,840 9,000 48,000 180,000 473,760 $151,860 19,740 7,200 36,000 105,000 451,620 Accrued expenses payable (operating expenses) . Paid-in capital in excess of par-common stock . $885.780771 420 The income statement for the year ended December 31, 2013, is as follows: Sales Cost of merchandise sold Gross profit Operating expenses: $1,508,520 928,320 $ 580,200 Depreciation expense Other operating expenses 6,900 491 400 Total operating expenses 498,300 $ 81,900 Other income: Income before income tax Income tax expense Net income. 15,000 $ 96,900 38,760 $58140 94999E The following additional information was taken from the records: a. The investments were sold for $105,000 cash. b. Equipment and land were acquired for cash. c. There were no disposals of equipment during the year. d. The common stock was issued for cash. e. There was a $36,000 debit to Retained Earnings for cash dividends declared Instructions Prepare a statement of cash flows, using the direct method of presenting cash flows from operating activities