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please review and assistist for accuracy for this cash flow statement. I am second guessing my self.
VANCO COMPANY
STATEMENT OF CASH FLOWS
FOR PERIOD ENDING DECEMBER 31, 2012
CASH FLOW FROM OPERATING ACTIVITIES
NET INCOME $37,000
Depreciation Expense $42,000
Accounts receivable $8,000
Inventory (9,450)
Prepaid Expense $5,720
Accounts payable $8,730
Loss of equipment sell $2,000
NET CASH PROVIDED BY OPERATING ACTIVITY..57,000 + 37000 =94,000
CASH FLOW FROM INVESTING ACTIVITIES
Purchase of Land (15,000)
Purchase of Equipment (92,000)
Sale of Equipment $8,000
NET CASH FLOW USED BY INVESTING..107,000 8,000 = 99,000
CASH FLOW FROM FINANCING ACTIVITIES
Issuance of Stock $40,000
Payment of cash dividends (12,000)
Net increase in cash used $28,000
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