Answer:
See explanation
Explanation:
PLASMA SCREENS CORPORATION
Statement of cash flows
For the year ended, December 31, 2018
Net Income $68,000
Cash flow from operating activities
Depreciation expense $161,000
Decrease in Accounts receivable $15,100
Decrease in Inventory $14,900
Increase in Prepaid rent $(3,950)
Decrease in Accounts payable $(13,900)
Decrease in interest payable $(1,550)
Increase in Income tax payable $5,950
Changes in working capital $177,550
Net cash provided by operating activities $245,550
Cash flow from investing activities
Purchase of equipment $(230,000)
Net Cash used by investing activities $(230,000)
Cash flow from financing activities
Paid to notes payable $(82,500)
Dividends paid $(24,500)
Net cash used by financing activities $(107,000)
Net cash changes $(91,450)
Beginning cash balance $141,800
Ending cash balance $50,350
