Answer:
Explanation:
Sharp Screen Films, Inc.
Statement of Cash Flows
For the Year Ended December 31, Current year
Cash flows from operating activities: 
Net income $ 44,550.00
Adjustments to reconcile net income to net cash provided by operating activities: 
Depreciation expense	$ 14,450.00	
Decease in accounts receivables	$ 6,500.00	
Increase in Inventory	$ (5,350.00)	
Decrease in accounts payable	$ (10,200.00)	
Decrease in wages payable	$ (500.00)	
$ 4,900.00
Net cash from Operating Activities $ 49,450.00
Cash flows from investing activities: 
Purchase of Equipment	$ (58,450.00)	
Net cash from Investing Activities $ (58,450.00)
Cash flows from financing activities: 
Repayment of notes payable	$ (12,000.00)	
Issue of Common stock	$ 34,900.00	
Dividends paid	$ (12,050.00)	
Net cash from Financing Activities $ 10,850.00
Net change in cash during the year $ 1,850.00
Add: Beginning cash balance $ 65,400.00
Ending cash balance $ 66,650.00