Answer:
Coronado Industries
Statement of Cash Flows
December 31, 2017
Cash flow from operating activities:
Net income $294,044
Depreciation expense $167,670
Change in current assets ($19,872)
- - Increase in accounts receivable ($8,487)
- - Increase in inventory ($11,385)
Change in current liabilities $1,035
- Decrease in accounts payable $3,830
+ Increase in taxes payable ($4,865)
Net cash flow generated by operating activities $442,877
Cash flow from investing activities:
Sale of land at book value $36,225
- Purchase of building ($299,115)
Net cash flow generated by investing activities ($262,890)
Cash flow from financing activities:
Bond issuance $207,000
- Purchase of treasury stocks ($26,910)
- Cash dividends ($12,420)
Net cash flow generated by financing activities $167,670
<u>Net increase in cash $347,657</u>
