An analysis of the sources and uses of cash for 2012 revealed that JCPs large operating losses were draining the company of cash, and were it not for the reduction of inventories and sales of other assets, JCPs cash could have fallen dangerously close to zero (Exhibit 36.7). [case, pp. 458 and 464] Lets assume that JCPs operating loss widens to $1.5 billion in 2013, and that a cash balance of $1 billion is required for JCP to operate efficiently. To begin with, you can assume that other accounts are the same as in 2012 in their effect on cash flows. Prepare a pro forma sources and uses statement for 2013 to show how much external funding JCP will require by year-end 2013