Answer:
Explanation:
Net income - (159-173) (14)
Add back depreciation (137-108) 29
Add back amortization ( 26-25) 1
Operating profit 16
Increase in noncollectible account (24-4) 20
Increase in note payable (48-0) 48
Decrease in receivable (106-89) 17
Decrease in payable (42-19) (23)
Decrease in accrued liabilities ((20-4) (16)
Increase in prepaid expenses (19-16) (3)
Increase in inventory (132-110) (22)
21
Operating profit before tax 37
Financing activities
Common stock (69-50) 19
Issue of paid capital (261-205) 56
Lease income (122-0) 122
Redemption of bonds (132-64) (68)
Cash flow from financing activities 129
Investing activities
Long term investment ( 89-50) (39)
Building and equipment (400-270) ( 130)
Cash flow from investing activities (169)
Increase in cash ( 3)
Cash at the beginning of the year 58
Cash at year end 55
