prepare a cashflow statement using direct method

Question 3: (19 points) Quality Kitchen Company's 2026 single-step income statement and comparative balance sheet are provided below: OUALITY KITCHEN COMPANY Additional information: 1. No new long-term debt was taken during the year. 2. New equipment was purchased, and none was sold. 3. Common shares were issued for cash. 4. Cash dividends were paid to common shareholders. 5. All operating expenses were paid in the period incurred. Required: Prepare the cash flow statement for 2026, using the direct method