Refer to Campbell Soup Company’s statement of cash flows in Appendix A.

Required:

Convert Campbell's statement of cash flows for Year 10 to report its cash from operations under the direct method. (For purposes of this assignment only, assume Campbell disposed of a division in Year 10 that had revenues of $7.5 million and an after-tax loss of $5.3 million. The loss is included in expenses. The CFO presentation should include revenues and expenses of discontinued operations in Year 10.)