Question: Starz Inc. uses the direct method to prepare its statement of cash flows. The following comparative statement of financial position for 2021 and 2022 were

Starz Inc. uses the direct method to prepare its statement of cash flows. The following comparative statement of financial position for 2021 and 2022 were presented: At December 31 2022 2021 Property, Plant and Equipment (PPE) $1 260 000 $1 050 000 Accumulated depreciation (450 000) (375 000) Patent 153 000 174 000 Prepaid expenses 18 000 27 000 Inventory 150 000 180 000 Accounts receivable 159 000 117 000 Cash 297 000 153 000 $1 587 000

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