The effects of Blank Company's transactions occurring during 2012 and the related end-of-year adjustments have been recorded below using the accounting equation. 
Required:
With your knowledge of transaction analysis and the accounting equation,
a)Prepare an income statement for 2012,and
b)Prepare a statement of cash flows for 2012.
Definitions:
Nonparametric Test
A statistical test that does not assume a specific distribution shape for the data, making it useful for data that does not meet the assumptions required for parametric tests.
Productivity
An economic measure of output per unit of input, often used to gauge efficiency in production or work.
Dexterity
Refers to the skill in performing tasks, especially with the hands.
Spearman's Rank Correlation
An unparameterized metric for ranking correlation that evaluates the extent to which two variables' relationship can be depicted through a monotonic function.
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