How would I do direct and indirect cashflow and what would the income statement look at 31st Nov

The company is a merchandiser, i.e. it purchases inventory at wholesale and sells it at retail. As of the 1st of November the companys balance sheet was as shown next: Balance Sheet as of November

1 ASSETS LIABILITIES AND EQUITY

Cash $100,000

Accounts payable $300,000

Bank CD 250,000

Shareholder loan payable 200,000

Accounts receivable 550,000

Salaries payable 40,000

Inventory 700,000

Common stock 600,000

Property, plant & equipment 2,300,000

Additional paid-in capital 2,400,000

Investment land 900,000

Retained earnings 1,260,000

Total assets $4,800,000

Total liabilities and equity $4,800,000

During the month of November, the following transactions were recorded:

1. Supplies purchased on account, $45,000

2. Received payments from accounts receivable customers, $475,000

3. Paid salaries previously accrued, $40,000

4. Incurred administrative expenses, recorded to accounts payable, $65,000

5. Made payments on account for accounts payable, $110,000

6. Purchased inventory on account, $185,000

7. Received payments from accounts receivable customers, $317,000

8. Purchased supplies for cash, $18,000

9. Sold inventory on account for $309,000 (cost of the inventory was $204,000)

10. Received interest income from bank CD of $2,300

11. Paid income tax of $8,700

12. Sold inventory for cash for $36,000 less 2% discount (cost of the inventory was $24,000)

13. Made payment on shareholder loan of $90,000 ($50,000 to principal, $40,000 to interest expense)

14. Sold portion of investment land for cash $800,000 (cost base was $720,000)

15. Received cash from new shareholders of $900,000 ($150,000 par value + $750,000 of additional paid-in capital)

16. Purchased equipment for $200,000 ($50,000 cash down payment + $150,000 bank loan)

17. Paid dividends to shareholder of $80,000

18. Accrued salaries payable of $42,000

19. Made payment of accounts payable (for admin expenses) of $60,000