Question 1: that Allisha McKay (see Question 2 above) has compiled the sources and uses of funds Information she needs, she is ready to prepare The Fred Proffet Company's Statement of Cash Flows for the Year Ended 2012. Help her complete the company's Statement of Cash Flows by using the information taken from the following Condensed Income Statement and Statement of Retained Earnings for 2012, and the 2011 and 2012 Balance Sheets in Question 2. Then, answer the questions that follow: The Fred Proffet Company Condensed Income Statement and Statement of Retained Earnings For the Period: January 1 through December 31, 2012 Income Statement Sales Cost of Sales Gross Profit Operating Expenses (excluding depreciation) Depreciation Operating Income Interest Income Before Income Taxes Income Taxes (40%) Net Income $5,200,000 1.560,000 3,640,000 2,860,000 105.000 675,000 242,000 433,000 173.000 260,000 Statement of Retained Earnings Retained Earnings, December 31, 2011 1,146,000 Net Income for 2012 260,000 Subtotal 1,406,000 Cash Dividends Paid in 2012 Retained Earnings, December 31, 2012 156,000 1,250,000