In: Accounting
1.
Cash Flows from Operating Activities | ||
Net Income | 145,700 | |
Adjustments to reconcile net income to Net Cash flows from Operating Activities | ||
Depreciation Expense | 30,080 | |
Increase in Account receivable | -15,040 | |
Decrease in Accounts payable | -12,220 | |
Decrease in Inventory | 17,860 | |
Net Cash flows from operating activities | 166,380 |
2.
Cash flows from Investing Activities | ||
sale of land | 36,660 | |
Purchase of Equipment | -75,200 | |
Net Cash flows from Investing Activities | -38,540 |
3.
Cash flows from Financing Activities | ||
Bonds payable retired | -47,000 | |
Payment of Dividend | -37,600 | |
Net cash flows from Financing Activities | -84,600 |