Prepare a statement of cash flows using the direct method.

Beca's Pasta Balance Sheets As of December 31, 2016, and 2017 2016 2017 Asset Cash Accounts receivable Inventory Prepaid expenses Plant and equipment Accumulated depreciation $239,390 $274,229 117,330 119,720 77,966 202,013 216,220 84,544 14,684 $694,696 $757,995 87,560 60,387 11,984 Total assets Liabilities and Equity Accounts payable Accrued wages Long-term notes payable Common stock Retained earnings $224,787 $249,664 30,663 175,862155,438 69,240 197,940 252,990 Total liabilities and equity $694,696 $757,995 26,867 69,240 Beca's Pasta Income Statement For the Year Ended December 31, 2017 Sales Less:Cost of goods sold Gross margin Less operating expenses: $ 449,000 175,110 273,890 Wages and salaries expense Advertising expense Misc. operating expenses Depreciation expense $179,600 17,960 13,470 2,700 (213,730) $60,160 Net income (loss) At the end of 2017, Beca purchased additional equipment for $24,157. Beca paid dividends of $5,110 during the year. Prepare the operating activities section of the statement of cash flows for 2017 using the indirect method. Note that there is no difference between the two methods for the investing and financing sections. (Enter amounts that decrease cash flow either with a negative sign preceding the number, e.g. -15,000 or parenthesis e.g. (15,000).) investing and financing sectios,00 or parenthesis e.g- Beca's Pasta Partial Statement of Cash Flows-Indirect Method Operating activities Prepare a statement of cash flows for 2017 using the direct method. Assume that advertising is paid in cash. (Show amounts in the investing and financing sections that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Beca's Pasta Statement of Cash Flows-Direct Method