Chapter 21- Cash Flow Statement (10 points) Samuel Smith, President of Valley View Company, has returned from a conference where he was informed that preparing a Cash Flow Statement using the direct method is the best way to promote his company to shareholders. Currently the company is using the indirect method. Mr. Smith wants you to tell him the pro and cons for both methods. Write an interoffice memo (IOM) to Mr. Smith with this p it as indirect or change it to direct