Goodwill of $100,000 became worthless in the current year and should have been written off the books. The Brooks Brothers Inc. sold their Fashion Design Division during the year; the sale incurred a Gain of $300,000; the Division had an operating loss of $198,000 SUGGESTION: WRITE OUT FOR YOURSELF WHAT NEEDS TO BE DONE IN PARTI ABOVE! THEN REVISE THESTA TEMENT! Prepare a STATEMENT OF CASH FLOWS; use the Direct Approach-be sure you use proper phrasing and presentation; special accounting paper handed out with examination, (for CCD Brothers, Inc. as of December 20XX)