Prepare the cash flows from operating activities section of the company’s 2018 statement of cash flows using the direct method

Presented below is a statement of cash flows for Plum, Incorporated, for the year ended December 31, 2023. Also shown is a partially completed comparative balance sheet as of December 31, 2023 and 2022 PLUM INCORPORATED Statement of Cash Flows For the year ended December 31, 2023 Cash flows from operating activities: Net income $ 27,000 Add (deduct) items not affecting cash: Depreciation expense Decrease in accounts receivable Increase in inventory Increase in short-term debt Increase in notes payable Decrease in accounts payable Net cash provided by operating activities Cash flows from investing activities: Purchase of equipment Purchase of buildings Net cash used by investing activities Cash flows from financing activities: Cash used for retirement of long-term debt Proceeds from issuance of common stock Payment of cash dividends on common stock Net cash used by financing activities Net decrease in cash for the year Required: a. Complete the December 31, 2023 and 2022 balance sheets.…

Prepare the cash flows from operating activities section of the company’s 2018 statement of cash flows using the indirect method