please can you do the DIRECT METHOD PLEASEEEE.

Purple Company's current year income statement, comparative balance sheets, and additional information follow. For the year, (1) all sales are credit sales, (2) all credits to Accounts Receivable reflect cash recipts from customers, (3) all purchases of inventory are on credit, and (4) all debits to Accounts Payable reflect cash payments for inventory. Additional Information on Current Year Transactions a. Sold equipment for cash. b. Purchased equipment costing $114,375 by paying $66,000 cash and signing a long-term note for the balance. c. Paid cash to reduce the lona-term