Question: Use the following financial statements and additional information to
1) prepare a statement of cash flows for the year ended December 31, 2012, using the indirect method, and
2) analyze and briefly discuss the statement prepared in part 1 with special attention to operating activities and to the company's cash level.
Additional Information
a. No dividends are declared or paid in 2012.
b. Issued additional stock for $7,000 cash in 2012.
c. Purchased equipment for cash in 2012; no equipment was sold in 2012.