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 flows using the indirect method of reporting cash flows from operating activities.
Definitions:
Illusory Correlation
A cognitive bias in which a relationship between two variables is perceived to exist when in fact there is none or it is much weaker than assumed.
Dreams
Mental experiences during sleep, often containing imagery, thoughts, and emotions, which can range from mundane to deeply symbolic.
Future Events
Occurrences or situations that have not yet happened but are anticipated or expected to occur.
Illusory Correlation
An illusory correlation refers to the perceived relationship between two variables when no such relationship exists in reality, often leading to erroneous conclusions.
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