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Munoz Brands, inc, presents its statement of cash fiows using the indirect method. The following accounts and corresponding balances were drawn from Munoz's Year 2

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Munoz Brands, inc, presents its statement of cash fiows using the indirect method. The following accounts and corresponding balances were drawn from Munoz's Year 2 and Year 1 year-end balance sheets: The Year 2 income statement is shown below: 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. Prepare the operating activities section of the statement of cash flows using the direct method. (Cash outflows should be indicated with minus sign.) Prepare the operating activities section of the statement of cash flows using the indirect method. (Amounts to be deducted should be indicated with a minus sign.)

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