please answer in the format in the question please,

Financlal statements for Discovery Company are as follows: Additional information: a. The company sold equipment that had an original cost of $445,200 and a net book value of $188,800. Other equipment was purchased for cash. Patent amortization was $7,200. b. Long-term debt with a face value of $720,000 was repald during the year and other long-term debt was Issued at a lower interest rate. c. The company Issued shares for land durling the period. Other common shares were retired (bought back and cancelled) at book value. d. Unexplained changes in accounts are from logical transactions. 1. Prepare the SCF, using the Indirect method. Use the two-step method for operatlons. (Deductible amounts and Cash outflows should be indicated with minus sign.) 2. Prepare the SCF, using the direct method to present cash flows In the operating actlivitles section. (Deductible amounts and Cash outflows should be indicated with minus sign.) Financlal statements for Discovery Company are as follows: Additional information: a. The company sold equipment that had an original cost of $445,200 and a net book value of $188,800. Other equipment was purchased for cash. Patent amortization was $7,200. b. Long-term debt with a face value of $720,000 was repald during the year and other long-term debt was Issued at a lower interest rate. c. The company Issued shares for land durling the period. Other common shares were retired (bought back and cancelled) at book value. d. Unexplained changes in accounts are from logical transactions. 1. Prepare the SCF, using the Indirect method. Use the two-step method for operatlons. (Deductible amounts and Cash outflows should be indicated with minus sign.) 2. Prepare the SCF, using the direct method to present cash flows In the operating actlivitles section. (Deductible amounts and Cash outflows should be indicated with minus sign.)