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P1 60A. (Learning Objective 4: Preparing a Statement of Cash Flows) The following data is derived from the financial statements of the Water Fountain Company

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P1 60A. (Learning Objective 4: Preparing a Statement of Cash Flows) The following data is derived from the financial statements of the Water Fountain Company for the year ended May 31,207 (in thousands): Requirements 1. Prepare a Statement of Cash Flows for the year ended May 31, 20X7. Not all items given appear on the Statement of Cash Flows. 2. What activities provided the largest source amount of cash? Is this a sign of financial strength or weakness

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