(similar to) Question Help Ultimate Digital Services, Inc., has provided the following data from the company's records for the year just ended December 31 Click the icon to view the data) Requirements 1. Prepare the statement of cash flows for Ultimate Digital Services, Inc, using the direct method for cash flows from operations. Note that you will need to calculate the ending balance of cash and cash equivalents. Include a schedule of noncash investing and financing activities 2. Evaluate Ultimato's cash flows for the year Discuss each of the categories of cash flows in your response. Requirement 1. Prepare the statement of cash flows for Ultimate Digital Services, Inc., using the direct method for cash flows from operations. Note that you will need to calculate the ending balance of cash and cash equivalents. Include a schedule of noncash investing and financing activities Prepare the statement one section at a time. (Uso parentheses or a minus sign for numbers to be subtracted or for a net cash outflow.) Ultimate Digital Services, Inc. Statement of Cash Flows (Direct Method) For the Year Ended December 31 Operating Activities: Net cash provided by used for operating activities Choose from any list or enter any number in the input fields and then click Check Answer 6 parts remaining Clear All Check Answer Type here to search X December DR Data Table ck a Collection of interest m dule of emd Sarel ratid casi luat bash a rema rom ale of net Te the utfi b Cash sales. c. Credit sales d. Proceeds from sale of long-term investment e Gain on sale of investment Payments to suppliers.. 9 Cash payments to purchase plant assets h. Depreciation expense. Salaries expense. Payment of short-term note payable by issuing common stock k Cost of goods sold.. Proceeds from issuance of long-term note payable. m. Income tax expense and payment. n Proceeds from issuance of common stock o. Receipt of cash dividends. p. Interest revenue 9. Payment of cash dividends Collections of accounts receivable. S. Amortization expense. Payments on long-term notes payable. u Interest expense and payments v. Purchase of equipment by issuing common stock to seller $ 5,900 $ 251,500 $ 673,000 S 12,200 $ 2.500 $ 570,500 $ 52,100 $ 63,600 $ 77.100 S 71.900 $ 587,500 $ 24.000 $ 38,500 $ 24,500 $ 6,500 $ 5,700 $ 28.500 $575,000 $ 3.900 $ 47,500 $ 12,600 $ 17.300 eratin Het cash ose fro Print Done parts remaining Type here to search TT E @