(L.OBJ. 4) Preparing operating activities using the direct method [5 min] Stella’s Lear...

(L.OBJ. 4) Preparing operating activities using the direct method [5 min]

Stella’s Learning Center has assembled the following data for the year ended June30, 2011:

Requirement

1. Prepare the operating activities section of the business’ Statement of Cash Flows for the year ended June 30, 2011, using the direct method for operating cash flows.