Question: Statement of Cash Flows Using a Work SheetIndirect Method Refer to all of the facts in Problem 12-1. Required 1. Using the format in the

Statement of Cash Flows Using a Work Sheet—Indirect Method Refer to all of the facts in Problem 12-1.

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 2010 using the indirect method in the Operating Activities section.

3. Did Chrisman generate sufficient cash from operations to pay for its investing activities? How did it generate cash other than from operations? Explain your answers.

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