(Learning Objectives 3, 4, 5, 6: Preparing the statement of cash fl ows—direct and indirect methods) To prepare the statement of cash fl ows, accountants for Daisy Electric Company have summarized 20X6’s activities in two accounts as follows:

Daisy’s 20X6 income statement and balance sheet data follow:

❙ Requirements 1. Prepare the statement of cash fl ows of Daisy Electric Company for the year ended December 31, 20X6 using the direct method to report operating activities. Also prepare the accompanying schedule of non-cash investing and fi nancing activities.
2. Use Daisy’s 20X6 income statement and balance sheet to prepare a supplementary schedule of cash fl ows from operating activities by using the indirect method