Show how to solve this step by step with T$-$ Account or journal entry. Also show me how to solve using direct method and idirect method! I need step by step because I am so lost

DENVER COMPANY

Comparative Balance Sheets

December $31,2021$ and $2020$

$($$ in $000$s$)$

DENVER COMPANY

Income Statement

For the Year Ended December $31,2021$

$($$ in $000$s$)$

Additional information from the accounting records:

a$.$ A building that originally cost $$52,000,$ and which was three$-$fourths depreciated, was sold

for $$6,000.$

b$.$ The common stock of Byrd Corporation was purchased for $$2,000$ as a long$-$term investment.

c$.$ Property was acquired by issuing a $11\%,$ seven$-$year, $$25,000$ note payable to the seller.

d$.$ New equipment was purchased for $$23,000$ cash.

e$.$ On January $1,2021,$ bonds were sold at their $$25,000$ face value.

f$.$ On January $19,$ Denver issued a $5\%$ stock dividend $(1,000$ shares$).$ The market price of the

$$10$ par value common stock was $$14$ per share at that time.

g$.$ Cash dividends of $$12,000$ were paid to shareholders.

h$.$ On November $12,1,000$ shares of common stock were repurchased as treasury stock at a cost

of $$12,000.$

Required:

Prepare the statement of cash flows of Denver Company for the year ended December $31,2021.$

Present cash flows from operating activities by the direct method. Prepare the reconciliation

between net income and cash flows from operating activities if needed.