Yidas Medical, Inc., ended 2011 with cash of $30,000. During 2012, Yidas earned net income of $80,000 and had adjustments to reconcile net income to net cash provided by operations totaling $11,000 (this is a negative amount).
Yidas paid $32,000 to purchase equipment during 2012. During 2012, the company paid dividends of $25,000.
Prepare Yidas’ statement of cash flows for the year ended December 31, 2012, complete with its proper heading.