BBB Company's balance sheet and income statement follow:
![48_Table 3.jpg](https://secure.tutorsglobe.com/CMSImages/48_Table%203.jpg)
Supplemental information:
Dividends declared and paid $ 4,350
Land sold for cash 1,800
Equipment purchased for cash 3,500
Common stock sold for cash 3,800
Required
a. Prepare a statement of cash flows for the year ended December 31, 2011. (Present the cash flows from operations using the indirect method.)
b. Comment on the statement of cash flows.