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Natalie has prepared the balance sheet and income statement of Cookie & Coffee Creations Inc....

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Accounting

Natalie has prepared the balance sheet and income statement of Cookie & Coffee Creations Inc. for the first year of operations, but does not understand how to prepare the cash flow statement. The income statement and balance sheet appear below. Recall that the company started operations on November 1,2020, so all of the opening balances are zero.
Additional information:
The company bought kitchen equipment (a commercial oven) for $29,000 on November 1,2020, and signed a $12,000 note payable to help pay for it. The terms provide for semiannual fixed principal payments of $2,000 on May 1 and November 1 of each year, plus interest of 5%. All other furniture, fixture, and equipment were purchased during the year for cash.
Recall from Chapter 11 that the company originally issued 25,930 common shares for $25,930, of which 750 shares were repurchased from the lawyer for $500.
COOKIE & COFFEE CREATIONS INC.
Income Statement
Year Ended October 31,2021
\table[[Sales revenue,$462,50
Please can you do for the indirect method?
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