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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

image text in transcribedI 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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