*prepare a statement of cash flows. "Use the direct method" of reporting cash flows from operating activities; include the reconciliation of cash flows from operating activities.

The comparative balance sheet of Pell Company, for 2009 and the preceding year ended December 31, 2008, appears below in condensed from: *prepare a statement of cash flows. Use the direct method of reporting cash flows from operating activities; include the reconciliation of cash flows from operating activities