The income statement and selected balance sheet information for Calendars Incorporated for the year ended December 31 are presented below. equired: epare the cash flows from operating activities section of the statement of cash flows using the indirect method. (Amounts to be ducted should be indicated by a minus sign.) Required: Prepare the cash flows from operating activities section of the statement of cash flows using the indirect method. (Amounts to be deducted should be indicated by a minus sian.)