Statement of Cash Flows Indirect Method Refer to all of the 94271
Statement of Cash Flows—Indirect Method Refer to all of the facts in Problem 12-6.

Required
1. Prepare a statement of cash flows for 2010 using the indirect method in the Operating Activities section.
2. On the basis of your statement in (1), draft a brief memo to the president to explain why cash increased during such an unprofitable year. Include in your memo your recommendations for improving the company’s bottom line.

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