Use the following financial statements and additional information to 1 Prepare
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 in2012.
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