Galvin Software Corp. has assembled the following data for the years ending December $31,206$ and $205.$

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Requirement

Prepare Galvin Software Corp.$\text{'}$s statement of cash flows using the indirect method to report operating activities. Include an accompanying schedule of noncash investing and financing activities.

$\backslash$table$[[$Galvin Software Corp.$],[$Statement of Cash Flows $($Indirect Method$)],[$Year Ended December $31,20$X$6],[$Cash flows from operating activities:$],[$net cash provided by $($used for$)$ operating activities:$]]$

Data table

$\backslash$table$[[,$December $31],[,206,205$