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SINJH INC. Comparative Balance Sheets December 31 Assets 2012 Cash S 90.800 Accounts receivable 92.800 Inventory 112.500 Prep
SINJH INC. Income Statement For the Year Ended December 31, 2012 S392.780 $135.460 Sales Less: Cost of goods sold Operating e
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Answer #1

Statement of cashflows

For the year ended december 31 2012.

cash flow from operating activities
net income: 158,900
add: depreciation 46,500
add;loss on sale of plant assets 7,500
net income before working capital adjustments (sum of above items) 212,900
less:increase in accounts receivable (92,800-33,000) (59,800)
less: increase in inventory (112,500-102,850) (9,650)
less: increase in prepaid expenses (28,400-26,000) (2,400)
add:increase in accounts payable (112,000-67,300) 44,700
less: decrease in a current liability i.e accrued expenses payable (16,500-17,000) (500)
cash flow from operating activities 185,250
cash flow from investing activities
sale of old plant 1500
purchase of new plant (85,000)
increase in investments (138,000-114,000) (24,000)
cash flow from investing activities (107,500)
cash flow from financing activities
Increase in common stock (220,000-175,000) 45,000
decrease in bonds payable (110,000-150,000) (40,000)
dividends paid (40,350)
cash flow from financing activities (35,350)
net cash flow from all activities 42,400
add:beginning cash balance 48,400
ending cash balance $90,800
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