Cash Flows from
Operating Activities
Net Income
$ 539,000
Adjustments to reconcile net income to net cash from
operating activities:
Depreciation expense
63,400
Increase in net accounts receivable
(376,000)
Increase in inventory
(396,000)
Increase in accounts payable
102,000
Decrease in accrued liabilities
(79,000)
Increase in income taxes payable
24,000
Gain on sale of land
(53,000)
Loss on sale of investments
6,000
Net cash provided(used) by
operating activities
$(169,600)
Cash Flows from Investing...