CP12-2 Finding Financial Information L012-2, 12-4, 12-6 Refer to the financial statements of Urban Outfitters given in Appendix C at the end of this book Required: 1. Does Urban Outfitters use the direct or indirect method to report cash flows from operating activities? 2. What amount of tax payments did the company make during the most recent reporting year (Hint: The statement of cash flows may be helpful to answer this question.) 3. Explain why the "share-based compensation" and "depreciation and amortization" items were added in the reconciliation of net income to net cash provided by operating activities