The comparative balance sheets of Posner Company, for Years 1 and 2 ended December 31, appear below in condensed form: 
The income statement for the current year is as follows: 
Additional data for the current year are as follows: 
Prepare a statement of cash flow, using the indirect method of reporting cash flows from operating activities.
Definitions:
Productive System
An arrangement of resources and processes that interact and transform inputs into valuable outputs, such as goods or services.
Just-In-Time (JIT)
A production strategy that strives to improve a business's return on investment by reducing in-process inventory and associated carrying costs, delivering materials just when they are needed.
Customer Wants
Specific desires or requirements of consumers that businesses aim to meet with their products or services in order to satisfy and retain their clientele.
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