Jessica Green, controller of Monahan, Inc., has asked you to prepare the company's cash flow statement for the current fiscal year ending December 31. The income statement and balance sheet have been already prepared. Those financial statements and the following information are available to you. Equipment was acquired on December 28th of the current year. The equipment was acquired by giving a 180 day note payable for Monahan, Inc. built an addition to their building. The addition was occupied and paid for on January 2nd of the current year. The original building had a useful life of 60 years with no residual value. The addition will last 40 years with no residual value. The addition $ 30,540 $ 27,000 Early in the Monahan, Inc. year the company sold equipment with the following cost and book value. The remaining equipment is being depreciated using straight-line depreciation over 8 years with no residual value. Cost Book value Proceeds $ 40,700 4,984 14,900 The leased equipment has a useful life of 10 years and the lease term is 8 years. The lease was signed and the equipment delivered on December 30th of the prior year. The lease contains an option for Tyler Inc. to buy the equipment at the end of the lease term for $500. The incremental borrowing rate for Tyler Inc. is 8.3%. Thelesssor's implicit interest rate is 7.5%. The annual lease payments are $8,267. Monahan, Inc. invested its idle cash in trading securities. At the beginning of the year its trading portfolio was as follows Security Cost Market Fog & Flame 7.560 7.000 Starbucks 5,040 8,680 Seattle's Best 7,400 9,520 Totals 20,000 25.200 At the end of the current year, its trading portfolio was as follows Security Dunkin Donuts Cont Pizza Hut Market 8,100 5,320 4.340 13,420 4.340 During the first quarter, the company sold all of the trading securities for $ 23,800 On February 20th of the current year, Monahan, Inc. purchased Reutzel Company $186,580. Early in March of the current year, Monahan, Inc. finally sold its sold factory facility, which had not been used for two years. The building and land were sold for $ 20,650 REQUIRED Prepare a Cash Flow Statement for the year ending December 31, using the direct approach Acompletol.referencol worksheet.isaire use use the direct approw. You might ask yourself why I picked the direct approach. Make