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P11-2B. Preparing a statement of cash flows-indirect method (Learning Objective 3) 20-25 min. Data from the comparative statement of financial position of Gibson's Greenhouse Inc.

image text in transcribed P11-2B. Preparing a statement of cash flows-indirect method (Learning Objective 3) 20-25 min. Data from the comparative statement of financial position of Gibson's Greenhouse Inc. at May 31, 2024, follow: - Gibson's Greenhouse Inc.'s transactions during the year ended May 31, 2024, included: Requirements 1. Prepare Gibson's Greenhouse Inc.'s statement of cash flows for the year ended May 31, 2024, using the indirect method to report cash flows from operating activities. 2. Evaluate Gibson's Greenhouse Inc.'s cash flows for the year. Mention all three categories of cash flows and give the reason(s) for your evaluation

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