Question: using a comparative balance sheet and a current income statement, prepare a statement of cash flows using the direct and indirect methods A B C.


A B C. D Cory Tequila Company Statement of Cash Flows-Direct Method Year Ended December 31, 2021 Cash Flows from Operating Activities: Cash Collected from Customers Cash Payments Total Cash Payments Cash Flows from Operating Activities Cash Flows From Investing Activities: Purchased Equipment Cash Flows From Investing Activities Cash Flows From Financing Activities: Sale of Common Stock Paid Dividends Cash Flows From Financing Activities Net Increase in Cash Beginning Cash 580,000 Ending Cash A Cory Tequila Company Statement of Cash Flows-Indirect Method Year Ended December 31, 2021 Cash Flows from Operating Activities: Net Income Adjustments to Net Income Depreciation Net Decrease in Receivables Net Increase in Inventory Net Increase in Prepaid Expenses Net Increase in Accounts Payable Net Increase in Salaries Payable Net Increase in Taxes Payable Total Adjustments Net Cash Flows Provided by Operating Activities
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