To prepare the statement of cash flows, accountants for I-M-Mobi

To prepare the statement of cash flows, accountants for I-M-Mobile, Inc., have summarized 2012 activity in the Cash account as follows:

Cash Beginning balance Issuance of common stock Receipts of interest revenue Collections from customers 87,900 Payments

Requirement
1. Prepare I-M-Mobile€™s statement of cash flows for the year ended December 31, 2012, using the direct method to report operatingactivities.