Prepare the statement of cash flows under the direct method for the Snail Company using the information from P6- 9 and the following cash flow information:
In P6-9

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Snall Company Balance Sheet At December 31 Merchandise Inventony Total Current Assets Investments in Bonds Property. Ptant, and Equipment-net Total Noncurrent Assets Current Uabilities Total Current Liabilities Noncurrent Uabilities Total Noncurrent Liablities Common Stodk, $1 Par Value Additional Paid-in Capital Total Stockholders Equity Total Liabilities and Stockholders' Equity Description Cash receipt from sale of property plant, and equipment Cash payment to acquire investment securities Cash recaipt from issuance of common stock Cash rocoipt from issuance of loan Cash Inflow Outflow) 4,000 124,000 4,334 5,000