Problem 12-14A The direct versus the indirect method of determining cash flow from operating activities LO 12-1, 12-2 The following information applies to the questions displayed below) Green Brands, Inc. (GBI) presents its statement of cash flows using the indirect method. The following accounts and corresponding balances were drawn from GBI's Year 2 and Year 1 year-end balance sheets: Account Title Accounts receivable Merchandise inventory Prepaid insurance Accounts payable Salaries payable Unearned service revenue 23,3 28,488 51,70 25,800 17,400 3,858 3,800 57,480 15,680 26,380 4,900 The Year 2 income statement is shown next Sales Cost of goods sold Gross sargin Service revenue Insurance expense 5 611,000 (379 888) 232,008 6,888 (39,000) Prey2f E Next> 5 6 8 9