Accounting Basics II (SE-ACC220) Course Assignments Handout to accompany Individual Problem Assignment #2 (7%): P17-7A Instruction 1. Prepare a cash flow statement for the year using the indirect method. 2. Is it unfavourable for a company to have a net cash outflow from financing activities? 3. Using horizontal analysis, calculate the percentage change between 2016 and 2017. 4. Using vertical analysis, calculate the percentage of the base amount for each year. 5. Based on your calculations in part (3) and (4), identify any significant changes from 2016 to 2017