Statement of Cash Flows Using a Work SheetIndirect Method (Appendix) Refer to all of the facts in

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Statement of Cash Flows Using a Work Sheet—Indirect Method (Appendix)

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 2008 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.

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