Question: I only need help with problem 2. Use the condensed financial data of Fulton Corp. for 2012 and 2011 presented below to complete Problems 1&2

 I only need help with problem 2. Use the condensed financialI only need help with problem 2.

Use the condensed financial data of Fulton Corp. for 2012 and 2011 presented below to complete Problems 1&2 FULTON CORP COMPARATIVE BALANCE SHEET AS OF DECEMBER 31 2012 $ 800 2250 1,600 $5650 2011 Cash S600 2,100 Inventory Plant assets Accumulated depreciation 1200 1,200 (455) $4845 S750 $1,200 Accounts payable Accrued liabilities Bonds payable Capital stock Retained carnings 330 1,000 1,400 1,500 $5,650 $4,845 FULTON CORP INCOME STATEMENT FoR R YEAR ENDED DECEMBER 31. 2012 Saks Cost of goods sold Gross margin Selling and administrative expense Income from operations Other revenues and gains $15.200 10,400 1.205 3.595 Loss on sale of investments Income before income tax Income tax expense Net income Cash dividends Income retained in business 50 3,545 400 2,145 s 1,545 Additional information: During the year, $100 of common stock was issued in exchange for land. No plant assets were sold in 2012. Instructions Problem 1 - Prepare a statement of cash flows using the indirect method. Use the attached form. (16 points) Problem 2- (Do not prepare a reconciliation schedule.) Use the attached form. (5 points)

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