We've done a lot of work. We have a statement of cash flow for the first year of the Garden Spot's operations using the direct method. And then we have a statement of cash flow prepared using the indirect method. Let's take a look at them. So here's the direct method statement of cash flow and here's the indirect method statement of cash flow. What do we notice? Well, I think I promised you that the investing activity section would be identical, and they are. I think I promised you that the financing activity section would be identical, and they are. And I think I promised you that the change in cash would be identical on the direct method statement and the indirect method statement, and they are. Makes perfect sense because they're trying to explain the change in the balance on the balance sheet in the cash account, from the beginning to the end of the period. And I think I promised you that the operating activities section would result in the same cash flow from operations and they do. But I think I also promised you that the way we would get to that, cash flow from operations, would be a little different under each of these two methods. The direct method you can see that we've listed the cash receipts, and we've listed the cash disbursements. Just a direct listing of those from the cash t account. But with the indirect method, we've started with net income as if we had that invisible income statement sitting up above it. And then we made adjustments to net income for each line item on the income statement to capture the difference. And the accrual based accounting entry and the cash receipt or out lay related to that specific line item on the income statement. So here, I think this is helpful because we can see these two methods side by side and see where the differences really lie. And there's just one part of that statement where we see a difference. Let's summarize. There's two methods of preparation for the statement of cash flow, the direct method and the indirect method. Both methods are identical except for the operating activities section. They had the same cash flow from operations, same cash flow from investing, same cash flow from financing and the same total cash flow. Conceptually what we're doing with the indirect method is just starting with the income statement or the net income at the bottom of it. Making adjustments for timing differences from the accrual accounting based entries, general entries and the cash, receipts, and outlays for each of those line items. A lot easier to prepare the same of using the direct method, because all we have to do is look at the t account, the cash t account, left-hand side entries are receipts, right-hand side entries are disbursements. Why don't we use that, because US gap likes to see that reconciliation between net income and the cash flow from operations. So even those companies that prepare their statement of cash flow using the direct method have to prepare the operating activities section also under the indirect method. So what do we see? Most companies prepare theirs using the indirect method.