Art Place

?Company, Inc., has the following comparative balance sheet as of March? 31,

2014

.Requirements

1.	Prepare the statement of cash flows for Art Place

?Company, Inc., for the year ended March? 31,

2014?, using the indirect method for operating cash flows. Include a schedule of noncash investing and financing activities. All of the current? accounts, except? short-term notes? payable, result from operating transactions.

2.Also prepare a supplementary schedule of cash flows from operations using the direct method.