operating activities section using the indirect method the following income statemen 1571760

Operating Activities Section Using the Indirect Method. The following income statement and current sections of the balance sheet are for Manor Company.

Required:

a. Using the indirect method, prepare the operating activities section of the statement of cash flows for Manor Company for the year ended December 31, 2012. Use the format presented in.

b. How much cash was provided by (used by) operating activities? Briefly describe what this amount tells us about the company