The following additional information is available for the year:

During the year, the company sold long$-$term investments for $$26,500$ that had been purchased for $$29,000.$

The company did not sell any property, plant, and equipment during the year or repurchase any of its own common stock.

All sales were on credit.

The company paid a cash dividend of $$20,500.$

The company paid cash to retire $$15,600$ of bonds payable.

Required:

a$.$ Using the indirect method, determine the net cash provided by $($used in$)$ operating activities.

b$.$ Using the direct method, determine the net cash provided by $($used in$)$ operating activities.

c$.$ Using the net cash provided by $($used in$)$ operating activities amount from either part a or b$,$ prepare a statement of cash flows.

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Using the indirect method, determine the net cash provided by $($used in$)$ operating activities.

Net cash provided $($used in$)$ operating activities Comparative balance sheets and the income statements for Ellis Corporation are presented below:

$\backslash$table$[[,\backslash$table$[[$Ending$],[$Balance$]],\backslash$table$[[$Beginning$],[$Balance$]]],[\{$

$\backslash$table$[[$Assets:$],[$Current assets:$]]\}],[$Current assets:$],[$Cash and cash equivalents,$$46,400,$$$30,600],[$Accounts receivable,$40,700,40,800],[$Inventory$,69,000,64,200],[$Total current assets,$156,100,135,600],[$Long$-$term investments,$175,000,204,000],[$Property$,$ plant, and equipment,$294,700,157,500],[$Less accumulated depreciation,$53,600,53,000],[$Total assets,$$572,200,$$$444,100],[$Liabilities and stockholders' equity:$],[$Current liabilities:$],[$Accounts payable,$$37,400,$$$44,000],[$Accrued liabilities,$25,700,32,400],[$Income taxes payable,$15,800,21,000],[$Total current liabilities,$78,900,97,400],[$Bonds payable,$129,600,31,200],[$Total liabilities,$208,500,128,600],[$Stockholders$\text{'}$ equity:$],[$Comnon stock,$315,700,286,200],[\backslash$table$[[$Retained earnings$],[$Total stockholders' equity$]],48,000,29,300],[363,700,315,500],[$$$572,200,$$ $444,100]]$ The following additional information is available for the year:

During the year, the company sold long$-$term investments for $$26,500$ that had been purchased for $$29,000.$

The company did not sell any property, plant, and equipment during the year or repurchase any of its own common stock.

All sales were on credit.

The company paid a cash dividend of $$20,500.$

The company paid cash to retire $$15,600$ of bonds payable.

Required:

a$.$ Using the indirect method, determine the net cash provided by $($used in$)$ operating activities. Using the net cash provided by $($used in$)$ operating activities amount from either part a or b$,$ prepare a statement of cash

flows. $($Amounts to be deducted should be indicated with a minus sign.$)$Required:

a$.$ Using the indirect method, determine the net cash provided by $($used in$)$ operating activities.

b$.$ Using the direct method, determine the net cash provided by $($used in$)$ operating activities.

c$.$ Using the net cash provided by $($used in$)$ operating activities amount from either part a or b$,$ prepare a statement of ca

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Required C

Using the direct method, determine the net cash provided by $($used in$)$ operating activities.

Net cash provided $($used in$)$ operating activitiesThe pro forma financial statements and schedules that should be shared with an interested investor or lender include, at minimum,: the schedule of start$-$up costs, the pre$-$revenue and post$-$revenue balance sheets, and the income statements for all periods the pre$-$revenue balance sheet, the post$-$revenue balance sheet, and the income statements for all periods the start$-$up phase expense statement, the pre$-$revenue and post$-$revenue balance sheets, and the income statements for all periods the list of assumptions, the pre$-$revenue and post$-$revenue balance sheets, and the income statements for all periods