appendix prepare a statement of cash flows direct method refer to the information f 1571767

(Appendix) Prepare a Statement of Cash Flows, Direct Method.Refer to the information for Glenbrook Company presented in the previous problem. Required:

a. Use the four steps described in the chapter, including the appendix, to prepare a statement of cash flows for the year ended December 31, 2012, using the direct method. Refer to the operating activities section format using the direct method presented in and the adjustment rules for the direct method presented in.

 b. Briefly describe the major changes in cash identified in the statement of cash flows.