Describe the methodology, similarities, and the differences between the direct and indirect methods of preparing the statement of cash flows Be sure to explain the major cash flow categories of operating, investing, and financing activities, and provide at least two examples of each activity. Then, describe the relationship between the beginning cash balance and the ending cash balance for the current period. Lastly, explain the reasons why one method $($direct or indirect$)$ is most often used by corporations to report cash flows.