1. The following is the operating section of the statement of cash flows (direct method) of Battery
Builders, Inc: The following information is obtained from the income statement of Battery
Bullders: In addition, the following information is obtained from the comparative balance sheets
of Battery Buliders (duecreases in parentheses) Required: 1. Prepare a complete accrual-basis
income statement for the current year. 2 Compute the cash flows from operations using the
indirect approach (that is, start with accrual-basis net income and adjust for various items to
obtain cash flows from operations). Required: 1. Prepare a complete accrual-basis income
statement for the current year: 2. Compute the cash flows from operations using the indirect
approach (that is, start with accrual-basis net income an various items to obtain cash flows from
operations). Complete this question by entering your answers in the tabs below. Prepare a
complete accrual-basis income statement for the current yeari. (Amounts to be deducted should
be indicated by a minus signi) Required: 1. Prepare a complete accrual-basis income statement
for the current year. 2. Compute the cash flows from operations using the indirect approach (that
is, start with accrual-basis net income and adju various items to obtain cash flows from
operations). Complete this question by entering your answers in the tabs below. Compute the
cash flows from operations using the indirect approach (that is, start with accrual-basis net
income and adjust. for various items to obtain cash flows from operations). (Tet cash outfiows
and amounts to be deducted should be indicated by a minus sign.)