L04.6 Problem 12-12 Statement of Cash Flows-Indirect Method Refer to all of the facts in Problem 12-11 Required 1. Prepare a statement of cash flows for 2016 using the indirect method in the Operating Activ- 2. Evaluate the following statement: Whether a company uses the direct or indirect method to ities section. report cash flows from operations is irrelevant because the amount of cash flow from operat- ing activities is the same regardless of which method is used