Here is the information I am having problems with. Your help is so appreciated as I am having a mental block doing this and I need to graduate....

Natalie has prepared the balance sheet and income statement for the first year operations. Recall the company started operations Nov 1, 2008, so all operating expenses are zero.

additional info:
1. Recall that the company bought kitchen equipment (comm oven) for $14, 00 on Nov 1, 08, and signed a $9000 note payable to help pay for it. Th terms provide for semiannual fixed principal pymts of $1500 a month on May 1 and Nov 1 of each year, plus interest of 5%. All other furniture, fixtures and equipment were purchased during the year for each.
2. Recall that the company orginally issued 23,930 common shares for $23,930 of which 750 shares were repurchased from the lawyer for $500.
3. The company declared a semiannual dividend to the preferred stockholders on April 30, and the dividen was paid on June 1. The second semiannual dividen was declared to the preferred stockholders on October 31, to be paid on December 1.
4. Prepaid expenses relate only to operating expenses.

I need to prepare and indirect and direct cfs.

Income Stmt yr end October 31, 2009

Sales $462,500
Cogs 231,250
Operating Expenses
Depreciation Exp 9.850
Salaries and Wages Exp 92,500
Other oprtng exp 35987
Income from operations 92,913

Other Expenses
Interest Expense $413
Income before Income Tax 92,500
Income tax exp 18,500
Net Income 74,000

Balance Sheet October 31, 2009

Assets
Current
Cash $29,294
A/R 3,250
Inventory 17,897
Prepaid Expenses 6,300
Property, plant and equipment
Furnt/Fix $12,500
accum depr -1,250
computer eqp $4,200
accum depr -600
Kitchen equip 80,000
accum depr -8,000

Liabilities and Stockholder's Equity
Current Liabilities
A/P $5,848
Income tax payable 18,500
Dividends payable 625
Salaries payable 2,250
Interest payable 188
Note payable current port 3,000

Long term liabilities
Note payable - long trm por $4,500
Total liabilities 34,911

Stockholders Equity
Paid in Capital
Preferred stock 2,500 shares issued and outstanding $12,500
common Stock 23,930 shares issued, 23180 o/s $12,930

Retained Earnings 72,750
Total Paid in capitol and retained earnings 109,180
Less Treasuary Stock common (750s) ast cost -500

Total stockholders Equity 108,680
Total liabl & stkhldr eqty 143,591


I NEED THIS BY TOMORROW IF SOMEONE CAN HELP ME.