The comparative balance sheet of Jakson Educational Supply at December 31, 2012, reported the following:
		December 31,
		2012	2011
	Current Assets:
	Cash and cash equivalents	$88,200	$22,500
	Accounts receivable	14,400	21,700
	Inventories	63,600	60,400
	Current Liabilities:
	Accounts payable	$28,600	$27,100
	Accrued liabilities	10,600	11,200
	Jackson's transactions during 2012 included the following:
	Payment of cash dividend	$17,200	Depreciation expense	$16,700
	Purchase of equipment	54,400	Purchase of building	100,000
	Issuance of long-term note payable to borrow cash	50,000	Net income	59,600
			Issuance of common stock for cash	106,000
	Requirements:
	1. Prepare the statement of cash flows of Jackson Educational Supply for the year ended December 31, 2012. Use the indirect method to report cash flows from operating activities.
	2. Evaluate Jackson's cash flows for the year. Mention all three categories of cash flows and give reason for your evaluation.
	3. If Jackson plans similar activity for 2013, what is its expected cash flow?