Prepare a statement of cash flows, using the indirect method of presenting cash flows from $($used for$)$ operating activities. Be sure to complete the heading of the statement. Refer to the Labels and Amount Descriptions list provided for the exact wording of the answer choices for text entries. Use the minus sign to indicate cash outflows, decreases in cash and a net cash outflow for each section, if required.

Iglesias Inc.

Statement of Cash Flows

$($Label$)$

$1$

Cash flows from $($used for$)$ operating activities:

$2$

$3$

Adjustments to reconcile net income to net cash flows from operating activities:

$4$

$5$

$6$

Changes in current operating assets and liabilities:

$7$

$8$

$9$

$10$

$11$

$12$

Cash flows from $($used for$)$ investing activities:

$13$

$14$

$15$

$16$

$17$

Cash flows from $($used for$)$ financing activities:

$18$

$19$

$20$

$21$

$22$

Cash balance, January $1,20$Y$3$

$23$

Cash balance, December $31,20$Y$3$