Statements of Financial Position and Cash Flows and the Annual Report 291 * P6-10. Statement of Cash Flows, Operating Activities Section, Indirect Method. Repeat the requirements of P6-9 under the indirect method. P11. Statement of Cash Flows, Direct Method. Prepare the statement of cash flows under the direct method for the Snail Company using the information from P6-9 and the following cash flow information: Description Cash receipt from sale of property, plant, and equipment Cash payment to acquire investment securities Cash receipt from issuance of common stock Cash receipt from issuance of loan. Cash Inflow (Outflow) $ 4,000 (24,000) 4,334 5,000 P6-12. Statement of Cash Flows, Indirect Method. Prepare the statement of cash flows under the indirect method for Snail Company using the information from P6-10 and the following cash flow information: Indirect method Description Cash receipt from sale of property, plant, and equipment oclass Cash payment to acquire investment securities Cash receipt from issuance of common stock ent Cash receipt from issuance of loan. Cash Inflow (Outflow) $ 4,000 (24,000) 4,334 5,000