Refer to all of the facts in Problem 12-3A. Required 1. Prepare a statement of cash flows

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Refer to all of the facts in Problem 12-3A.
Required
1. Prepare a statement of cash flows for 2012 using the indirect method in the Operating Activities section.
2. On the basis of your statement in part (1), draft a brief memo to the president to explain why cash decreased during such a profitable year. Include in your explanation any recommendations for improving the company's cash flow in future years.
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