b. The following is the operating section of the statement of cash flows (direct method) of Premium Auto Holdings: The following information is obtained from the income statement of Premium Auto Holdings: In addition, the following information is obtained from the comparative balance sheets of Premium Auto Holdings (decreases in parentheses): i. Prepare a complete accrual-basis income statement for the current year. (8 marks) ii. Compute the cash flows from operations using the indirect approach (4 marks)