Avatar Company uses the direct method to prepare its statement of cash flows. Please refer to the following financial statement information for the year 2014: $Avatar Company uses the direct method to prepare its statement of cash flows. Please refer to the following financial statement information for the year 2014: - Please prepare the operating activities section of the statement of cash flows, using the direct method. Please use the following format: \begin{array} { | l | l | l | } \hline \text { Operating activities: } &\quad\quad &\quad\quad \\ \hline \text { Receipts } & & \\ \hline \text { Collections from customers } & & \\ \hline \text { Interest received } & & \\ \hline \text { Total cash receipts } & & \\ \hline \text { Payments } & & \\ \hline \text { To suppliers } & & \\ \hline \text { To employees } & & \\ \hline \text { For interest } & & \\ \hline \text { For income tax } & & \\ \hline \text { Total cash payments } & & \\ \hline \text { Net cash from operating activities } & \\ \hline \end{array}$
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Please prepare the operating activities section of the statement of cash flows, using the direct method. Please use the following format:

\begin{array} { | l | l | l | } \hline \text { Operating activities: } &\quad\quad &\quad\quad \\\hline \text { Receipts } & & \\\hline \text { Collections from customers } & & \\\hline \text { Interest received } & & \\\hline \text { Total cash receipts } & & \\\hline \text { Payments } & & \\\hline \text { To suppliers } & & \\\hline \text { To employees } & & \\\hline \text { For interest } & & \\\hline \text { For income tax } & & \\\hline \text { Total cash payments } & & \\\hline \text { Net cash from operating activities } & \\\hline\end{array}

Avatar Company Uses the Indirect Method to Prepare Its Statement

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