make a direct method cash flow statement for operating, investing and financing activities.

p17-9B To prepare the cash flow statement, accountants for Craftique inc. have summarized activity for the year 2020 in two accounts as follows. his Problem covers Chapter 17 Appendix topics. Caplique incis income statement and selected balance shest data follow: Required 1. Prepare the cash flow statement of Craftique Inc. for the year ended December 31,2020 , using the direct method to report operating activities. Also prepare a note to the financial statements summarizing the non-cash investing and financing activities. 2. Prepare a schedule showing cash flows from operating activities using the indirect method. All activity in the current accounts results from operations