Question: Use the information presented in P22-7. Required 1. Using the direct method, prepare the cash flows from operating activities section of the 2007 statement of

Use the information presented in P22-7.
Required
1. Using the direct method, prepare the cash flows from operating activities section of the 2007 statement of cash flows for the Lamberson Company.
2. (Optional). If you completed P22-7 earlier, prepare the remaining portion of the statement of cash flows. (A separate schedule reconciling net income to cash provided by operating activities is not necessary.)

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