folllow these steps and do it again ;Steps in Preparing a Statement of Cash Flows Preparing the statement of cash flows involves four major steps: Determine the change in cash. Calculate the difference between the beginning and the ending cash balance on the comparative balance sheet. This is the bottom line of the statement. Determine the net cash flow from operating activities. This involves analyzing the changes in the current asset and liabilities accounts on the comparative balance sheets and the selected transactions data. First, record the accounts and amounts that will be added to the net income, e.g., amortization, decrease in accounts receivable, increase in taxes payable, other payables, etc.. Then, record the accounts and amounts that will be deducted from the net income, e.g., decrease in accounts payable, increase in inventory. Determine net cash flows from financing activities. All other changes in the balance sheet accounts must be analyzed to determine their effects on cash.To determine cash flows from financing activities, analyze the long-term liabilities and shareholders' equity on the comparative balance sheets and the additional information, e.g., notes payables, dividends paid, or stock issued. Determine net cash flows from investing activities. All other changes in the balance sheet accounts must be analyzed to determine their effects on cash. To determine cash flows from financing activities, analyze the non-current assets on the comparative balance