Marshall Sign Company, Inc., has the following comparative balance sheet as of March 31, 2023.

Selected transaction data for the year ended March 31, 2023, include the following:

Requirements1. Prepare the statement of cash flows for Marshall Sign Company, Inc., for the year ended March 31, 2023, using the indirect method for operating cash flows. Include a schedule of noncash investing and financing activities. All of the current accounts, except short-term notes payable, result from operating transactions.2. Also prepare a schedule of cash flows from operations using the direct method.

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123 4 5 6 Cash 7 Accounts receivable 8 Inventory 9 Prepaid insurance 10 Total current assets Current assets: 11 12 Land 13 Equipment, net 14 Investments 15 Total assets 16 Assets Liabilities 17 18 Current liabilities: 19 Accounts payable 20 Note payable, short-term 21 Income tax payable 22 Salary payable 23 Interest payable 24 Accrued liabilities Total current liabilities 25 26 27 28 Total liabilities 29 30 31 Common stock 32 Retained earnings 33 Total stockholders' equity Long-term liabilities Stockholders' equity 34 35 Total liabilities and equity 36 Marshall Sign Company, Inc. Comparative Balance Sheets March 31, 2023 and 2022 $ 1$ $ $ $ $ 2023 55,900 $ 51,600 65,100 4,100 176,700 $ 35,500 71,600 10,100 293,900 $ 4,700 $ 43,200 13,900 9,400 8,400 1,900 81,500 $ 49,000 130,500 $ 69,000 94,400 163,400 $ 293,900 $ B 2022 14,200 53,200 60,100 5,500 133,000 97,500 70,300 6,900 307,700 3,500 48,000 15,600 12,200 7,400 3,300 90,000 93,400 183,400 61,600 62,700 124,300 307,700 Increase (Decrease) 41,700 (1,600) 5,000 (1,400) (62,000) 1,300 3,200 1,200 (4,800) (1,700) (2,800) 1,000 (1,400) (44,400) 7,400 31,700