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Required information TThe following information applies to the questions displayed below? Steen Brands, Incorporated (GBi) presents its statement of cash lows using the indirect method

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Required information TThe following information applies to the questions displayed below? Steen Brands, Incorporated (GBi) presents its statement of cash lows using the indirect method The foliowing accounk and corresponding bolances were drawn from GBl's Year 2 and Year 1 year end balance sheets Assume all sales and purchases of inventory are made on account. The Yesr 2 income statement is shown next. b. Prepare the operoung activites fection of the statement at cash flowi using the indifect method (Cash outriows ahouid be indicated with o minus sign.) b. Prepare the operating athivities section of the statement of cash flows using the ind rect method (Cash outtows should be indicated with o minus sign.)

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