Refer to all of the facts in Problem 12-3A. Required 1. Prepare a statement of cash fl ows for 2010 using the indirect method in the Operating Activities section. 2. On the basis of your statement in...

Refer to all of the facts in Problem 12-3A. Required 1. Prepare a statement of cash fl ows 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 decreased during such a profi table year. Include in your explanation any recommendations for improving the company’s cash fl ow in future years.