The question for the pictures is this:

Bellow comparative balance sheets and current-period income statement follow.

Prepare Bellows statement of cash flows using the indirect method for the operating section and describe any required disclosures.

Prepare bellows statement of cash flows using the direct method for the operating section and describe any required disclosures

Uoing the browests print will loed to an Undesirable print-out. Uee the Print item botter print-out. Bellow Company Income statement For the Current Year Ended December 31 Bad Debt Expense 66.200 Depreciation Expense Amortization Expense Total Operating Expenses Operating Loss interest Expense Franchise Fees Loss from Continuing Operations before Tax Income Tax Beneft (Expense) Increase in Valuation Alowance Net Tax Benefit Loss from Continuing Operations Discontinued Operations - net of tax. Net Loss botior print-out. Abecember31AseeteCurrentYoarPriorVose Cument Aepets Moncument Ameets Property, Piant, and Equipment * net Liabilities Current Liabilitios Qurrent Partan of Long-tem Debl Acoounts Payable Income Taxes Paryable Total Current Liabities Noncurrent Liabilities Noles Pryatile Total Noncurrent Liabdities Total Liabilites Shareholders" Equity Commen Slock, 11 par value 5 f60.275 5609.056 Addional Paid in Captal in Excess of PariCamnon Felained Earnings Total Sharehiciders' Fouty Less: Treasury Stock at Cost Additional Information - Bellow did not sell any plant or intangible assets during the current year. It acquired equipment and a new franchise during the year using cash. - Bellow reports accounts receivable net of the allowance for bad debts. - The deferred-tax asset is caused by a net operating loss; Bellow reported it net of a valuation allowance estimated at $44,124. - 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. - Bellow reported the income from discontinued operations net of tax as a cash transaction