There are a few typing errors in your code, for example " ist.add(“Green”);" instead of “list.add(“Green”);”
And System.out.println("Last Element is: "+ element); should be System.out.println("Last Element is: "+ last_element);
with these changes your code shall run correctly.
Besides, it’s important to note that in Java we use cammelCase instead of snake_case, you should use firstElement and lastElement instead of first_element and last_element, this won’t affect the code but is the common pattern used by the vast majority of the Java Developers, so it’s better to follow it too.