Chapter 12, Problem 18E

1.

To determine

Prepare the statement of cash flows for the year 2017 using direct method.

2

To determine

Determine the following:

(a) Section shows the largest cash inflow and outflow.

(b) The largest individual item among the investing cash outflows.

(c) The cash proceeds larger from issuing notes or issuing stock.

(d) Explain the company has a net cash inflow or outflow from borrowing activities.