P12-63A (similar to) Question Help The 2016 and 2015 comparative balance sheets and 2016 income statement of Domicile Supply Corp. follow: (Click the icon to view the comparative balance sheet.) (Click the icon to view the income statement.) Domicile Supply had no noncash investing and financing transactions during 2016. During the year, there were no sales of land or equipment, no payment of notes payable, no retirements of stock, and no treasury stock transactions. Requirements 1. Prepare the 2016 statement of cash flows by using the direct methoo. 2. How will what you learned in this problem help you evaluate an investment? Requirement 1. Prepare the 2016 statement of cash flows by using the direct method. Start by completing the cash flows from operating activities. Then complete each section of the statement of cash flows. (Use parentheses or a minus sign for numbers to be subtracted and for a net decrease in cash.)