Financial Accounting: P12-3 Use the information concerning Sharp Screen Films, Inc.

Financial Accounting
P12-3 Preparing a Statement of Cash Flows (Direct Method)
Use the information concerning Sharp Screen Films, Inc., provided in Problem 12-1 to fulfill the following requirements.

Required:
1. Prepare the statement of cash flows using the direct method for the year ended December 31, 2015.
2. Based on the cash flow statement, write a short paragraph explaining the major sources and uses of cash by Sharp Screen Films during 2015.
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