Comparative Balance Sheets and Income Statements are provided below. In EXCEL, prepare Net Cash Flows from Operating Activities section of the statement of cash flows applying the indirect method for Year 5 and Year 6

AC313 Chapter 21 - Statement of Cash Flows Assignment Part 1 - Comparative Balance Sheets and Income Statements are provided below. In EXCEL, prepare Net Cash Flows from Operating Activities section of the statement of cash flows applying the indirect method for Year 5 and Year 6. For Parts 2 and 3 submit in a Word document. Part 2 - Compare Maestrom Co.'s net income for Year 5 and 6 to Net Cash Flows from Operating Activities for Year 5 and 6. Part 3 - Explain why the accrual basis of accounting creates the need for a statement of cash flows. [Hint: Review net income (accrual basis) with Cash flow from Operating Activities (cash basis). See chapters 1, 4 and 21.]