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