SuperView Company's comparative balance sheets and its current income statement follow. (Click the icon to view the balance sheets.) (Click the icon to view the income statement.) i (Click the icon to view the additional information.) Requirement Prepare the company's cash flow statement for the current year under the indirect method and present required disclosures. (Use a minus sign or parentheses for any numbers to be subtracted and/or for cash outflows. If an input field is not used in the statement, leave the field empty; do not select a label or enter a zero.)

SuperView Company's comparative balance sheets and its current income statement follow. (Click the icon to view the balance sheets.) (Click the icon to view the income statement.) (Click the icon to view the additional information.) Requirement Prepare the company's cash flow statement for the current year under the indirect method and present required disclosures. (Use a minus sign or parentheses for any numbers to be subtracted and/or for cash outflows. If an input field is not used in the statement, leave the field empty, do not select a label or enter a zero.) Changes in Operating Working Capital Accounts: Increase in Accounts Receivable Increase in Inventory Decrease in Accounts Payable Net Cash Provided (Used) by Operating Activities Investing Activities: Net Cash Provided (Used) by Investing Activities Financing Activities: Net Cash Provided (Used) by Financing Activities Net Increase (Decrease) in Cash and Cash Equivalents Cash and Cash Equivalents, Beginning of Year Cash and Cash Equivalents, End of Year Provide all required disclosures. Cash Flow Disclosures for the Indirect Method Significant Noncash Investing and Financing Activities: Accounting Policy for the Definition of Cash Equivalents: For purposes of the statement of cash flows, the company considers all debt instruments purchased with maturities of three months or less to be cash equivalents. Compute the cash payments for taxes and interest. Cash Paid for Taxes and Interest: Cash Paid for Taxes Cash Paid for Interest Balance Sheet Balance Sheet Income Statement - SuperView did not sell any plant or intangible assets during the current year. It acquired equipment and a new franchise during the year using cash. - SuperView reports accounts receivable net of the allowance for bad debts. - The deferred-tax asset is caused by a net operating loss; SuperView reported it net of a valuation allowance estimated at $44,064. - Because of its net operating loss, the company was not able to declare and pay dividends this year. - The company made no debt payments this year. - Because of the net operating loss, there are no taxes due and payable for the current year. The company did pay the amount of taxes payable from the prior year. - SuperView reported the income from discontinued operations net of tax as a cash transaction