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Green Brands, Incorporated, (GBI) presents its statement of cash flows using the indirect method. The following accounts and corresponding balances were drawn from GBi's Year

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Green Brands, Incorporated, (GBI) presents its statement of cash flows using the indirect method. The following accounts and corresponding balances were drawn from GBi's Year 2 and Year 1 year-end balance sheets. Assume that Accounts Payable is used for purchases of inventory only. The Year 2 income statement is shown below: Required a. Prepare the operating activities section of the statement of cash flows using the direct method. b. Prepare the operating activities section of the statement of cash flows using the indirect method. Complete this question by entering your answers in the tabs below

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