S11-3. Purpose of statement of cash flows (Learning Objective 1) 5-10 min experienced an unbroken string of 10 years of growth in net Intermountain, Inc., income. Nevertheless, the business is facing bankruptcy. Creditors are calling all of Intermountain's outstanding loans for immediate payment, and Intermountain, Inc., has no cash available to make these payments because managers pla emphasis on net income and gave too little attention to cash flows. ced undue Write a brief memo in your own words to explain to the managers of Intermountain, Inc., the purposes of the statement of cash flows