Drafting an Email, Statement of Cash Flows You are on the audit team for CleanWizards and are reviewing how

CleanWizards's transaction to purchase a new vehicle and trade in its old van is presented on CleanWizards's state$-$

ment of cash flows. Assume that instead of paying $$35,000$ in cash, CleanWizards financed the purchase by taking

out a loan from the dealer for the $$35,000$ difference between the value of its trade$-$in and the new van. The audit

manager, Jason, has asked you to research how the transaction should be presented on the statement of cash flows.

Prepare an email responding to Jason's question.

Suite Licenses$-$Lease Evaluation The Boston Red Sox offer luxury suite licenses to customers, including $3-,5-,$ and

$7-$year licenses. Customers who sign these license agreements have the right to use a specified suite in the stadium $($say$,$

suite no$.20)$ for the dates specified in the license agreement. Alternatively, customers with a more limited interest or

budget can sign up for a partial season $($a $20-$ or $41-$game plan$)$ where the customer can specify which games it wishes

to view from the suite. While the customer is enjoying the suite, a third$-$party concessionaire $($similar to Andale's role$)$

will provide premium food and beverage service to guests in the suite. Evaluate$-$is a suite license a lease? Assume a

customer signs a $41-$game license for specified games to occur within a single Major League Baseball season.