Refer to all of the facts in Problem 12-1A. Required 1. Using the format in the chapter's

Question:

Refer to all of the facts in Problem 12-1A.
Required
1. Using the format in the chapter's appendix, prepare a statement of cash flows work sheet.
2. Prepare a statement of cash flows for 2012 using the indirect method in the Operating Activities section.
3. Briefly explain how Madison was able to increase its cash balance during a year in which it incurred a net loss.