Problem $16-3$B Indirect: Statement of cash flows

A$1,$ P$2,$ P$3$

$\backslash$table$[[$At December $31,\backslash$table$[[$GAZELLE CORPORATION$],[$Comparative Balance Sheets$],[$Current Year$]],$Prior Year$],[$Assets$],[$Cash$...............,$$$123,450,$$$61,550$Required$-$

$1.$

Prepare and complete statement of cash flows using the indeirect method for the current year. Disclose any non cash investing and financing activities in a note $.$

Analysis component

$2.$ Analyse and discuss the statement of cash flows prepared in part $1$ giving special attention to the wisdon of the cash dividend payment.