Required Prepare a complete statement of cash flows, report its cash inflows and cash outflows from operating activities according to the indirect method. STEVE CORPORATION STATEMENT OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31, 2008 INCREASE (DECREASE) IN CASH $150,750.00 Cash flows from operating activities Net Income Adjustment to reconcile net income to net cash provided by operating activities: $108,000.00 Net cash provided by OP activities Cash flows from investments activities Purchase of equipment Net cash used by investing activities Cash flow from financing activities sales of equity securities payments to stockholders as cash dividends Net cash used by financing activities Net increase in cash Cash January 2008 Cash December 31 2008 $130,500.00 Required Prepare a complete statement of cash flows, report its cash inflows and cash outflows from operating activities according to the indirect method. STEVE CORPORATION STATEMENT OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31, 2008 INCREASE (DECREASE) IN CASH $150,750.00 Cash flows from operating activities Net Income Adjustment to reconcile net income to net cash provided by operating activities: $108,000.00 Net cash provided by OP activities Cash flows from investments activities Purchase of equipment Net cash used by investing activities Cash flow from financing activities sales of equity securities payments to stockholders as cash dividends Net cash used by financing activities Net increase in cash Cash January 2008 Cash December 31 2008 $130,500.00