Using the information from Problem 16-2B and the additional information provided, prepare a statement of cash flows using the direct method of presenting cash flows from operating activities.
The income statement of TorMax Technology Inc. for the year ended December 31, 2015, is as follows:
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Instructions
Using the information from Problem 16-2B and the additional information provided, prepare a statement of cash flows using the direct method of presenting cash flows from operating activities.