This is my work below. I just need someone to review for accuracy

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