(L.OBJ. 3) Computing cash flows—Indirect method [15 min] Use the data in Short Exercise...

(L.OBJ. 3) Computing cash flows—Indirect method [15 min]

Use the data in Short Exercise 13-5 to complete this exercise.

Requirement

1. Prepare Street Cellular’s Statement of Cash Flows using the indirect method for the year ended June 30, 2012. Stop after determining the net increase (or decrease) in cash.