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:
Capital Structure
The composition of a company's funding through a mix of debt, equity, and other securities to finance its operations and growth.
Market Values
The current market value at which one can buy or sell a service or asset.
WACC Computation
The calculation of a company's weighted average cost of capital, which combines the cost of equity and cost of debt.
Cost of Debt
The effective rate that a company pays on its borrowed funds from external sources.
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