The financial statements of Martinez Enterprises follow: Additional Information: 1. No property, plant, and equipment was sold

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The financial statements of Martinez Enterprises follow:imageimage



Additional Information:1. No property, plant, and equipment was sold during the year.2. Amortization of intangibles was $139.3 (million) for the year.



Required:


A. Prepare the operating section of the statement of cash flows using the direct method.B. Prepare the statement of cash flows using the indirect method.C. Discuss the relative benefits of the direct method.

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