In: Accounting
Cash |
36,000 |
2,000 |
Accounts receivable |
21,000 |
39,000 |
Inventory |
5,700 |
49,000 |
Supplies |
2,500 |
3,000 |
65,200 |
93,000 |
|
Land |
1,100,000 |
800,000 |
Building |
1,150,000 |
900,000 |
Accumulated depreciation – building |
(276,000) |
(180,000) |
Vehicles |
15,000 |
28,000 |
Accumulated depreciation – vehicles |
(3,600) |
(5,600) |
1,985,400 |
1,542,400 |
|
$2,050,600 |
$1,635,400 |
|
Accounts payable |
38,000 |
49,000 |
Dividends payable |
25,000 |
1,300 |
Current bank loan |
55,000 |
55,000 |
118,000 |
105,300 |
|
Non-current bank loan |
1,700,600 |
1,320,100 |
1,818,600 |
1,425,400 |
|
Common shares |
120,000 |
100,000 |
Retained earnings |
112,000 |
110,000 |
232,000 |
210,000 |
|
$2,050,600 |
$1,635,400 |
During 2018 the following occurred:
Cash Flow statement | |||||
Particulars | Amount | ||||
cash flow from operating activities | |||||
retained earning | $ 2,000.00 | ||||
Dividend payable | $ 32,000.00 | ||||
net profit | $ 34,000.00 | ||||
loss on sale of vehicle | $ 11,200.00 | ||||
loss on sale of building | $ 53,000.00 | ||||
decrease in accounts receivable | $ 18,000.00 | ||||
decrease in inventory | $ 43,300.00 | ||||
depreciation on vechile | $ 1,000.00 | ||||
Decrease in supplies | $ 500.00 | ||||
Depreciation on building | $ 2,24,000.00 | ||||
decrease in accounts payable | $ -11,000.00 | ||||
net cash flow from operating activities | $ 3,74,000.00 | ||||
Cash flow from investing activities | |||||
sale of building (348000-128000-53000) | $ 1,67,000.00 | ||||
sale of vehicle | $ 6,800.00 | ||||
purchase of land (800000-1100000+80000) | $ -2,20,000.00 | ||||
purchase of building (900000-348000-1150000) | $ -5,98,000.00 | ||||
purchase of vechile (28000-21000-15000) | $ -8,000.00 | ||||
net cash flow from investing activities | $ -6,52,200.00 | ||||
Cash flow from financing activities | |||||
repurchase of common stock (120000-100000+80000) | $ -60,000.00 | ||||
bank loan (1700600+1370000-1320100) | $ 5,17,500.00 | ||||
payment of bank loan | $ -1,37,000.00 | ||||
dividend paid (25000-32000-1300) | $ -8,300.00 | ||||
net cash flow from financing activities | $ 3,12,200.00 | ||||
net cash flow (A)+(B)+© | $ 34,000.00 | ||||
Beginning cash balance | $ 2,000.00 | ||||
ending cash balance | $ 36,000.00 |