To prepare the statement of cash flows accountants for

Powers #6015
To prepare the statement of cash flows accountants for Powers

To prepare the statement of cash flows, accountants for Powers Art Gallery Inc. have
summarized 2017 activity in two accounts as follows:

Requirement

Prepare Powers's statement of cash flows for the year ended December 31, 2017, using the
direct method to report operating activities. Also, prepare the accompanying schedule of
noncash investing and financing activities. Powers's 2017 income statement and selected
balance sheet data follow.

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