1. Analyse the companys statement of cash flows for the year ended December 31,2011

Exhibit 4 STATEMENT OF CASH FLOWS For the year ending December 31, 2011 C OPERATING ACTIVITIES Net Earnings Add: Amortization PO $ 20,662 2.431 23,093 Inventory Accounts payable (474) Net cash flow from operations 22,619 (24.817) FINANCING ACTIVITIES Line of credit Personal Investment Drawings Net cash flow from financing activities INVESTING ACTIVITIES Net long-term asset purchases (20,985) (2.152) Net cash flow (518) Beginning cash 3,207 S 2.689 Ending cash Company files