Problem 13 - B Statement of Cash Flows - Direct & Indirect Method Balance Sheet Ending Balance 18 Beginning Balance Cash Accounts receivable Inventory Prepaid expenses Land Plant and equipment Accumulated depreciation Total assets (32) 210 Accounts payable Other accrued liabilities Income taxes payable Bonds payable (due in 10 years) Common stock Retained earnings Total liabilities and owners' equity 106 10 210 200 Income Statement Sales Less cost of goods sold Gross profit Less operating expenses Net operating income Less interest expense Less income tax expense Net income Requirements: For the Blueberry Company, for the year ended December 31 of the current year, prepare: 1) A Statement of Cash Flows, using the Direct Method, showing cash flows from operating, investing and financing activities. 2) The operating section of the Statement only, using the Indirect Method