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SANDHILL INC | |||
Statement of Cash flows - Direct Method | |||
For the Year Ended December 31, 2018 | |||
Cash flows from operating activities | |||
Cash received from customers | $ 535,700 | 571200+40000-75500 | |
Cash payments | |||
Cash paid to suppliers | $ (193,600) | 189300+75700-100000+123100-94500 | |
Cash paid for operating expenses | $ (51,980) | 116480+7200-12000+18800-27200-4700-46600 | |
Cash paid for interest | $ (4,780) | ||
Income taxes paid | $ (43,000) | ||
$ (293,360) | |||
Net cash provided by operating activities | $ 242,340 | ||
Cash flows from investing activities | |||
Cash paid for purchase of equipment | $ (23,700) | ||
Cash received from sale of equipment | $ 1,700 | ||
Net cash used by investing activities | $ (22,000) | ||
Cash flows from financing activities | |||
Dividend payments | $ (102,140) | 244000-233640-112500 | |
Cash paid for repayment of bank loan | $ (173,600) | 60000-175300-58300 | |
Cash received from issue of common stock | $ 105,000 | 260000-155000 | |
Net cash used by financing activities | $ (170,740) | ||
Net Increase in cash and cash equivalents | $ 49,600 | ||
Cash and cash equivalents at beginning of period | $ 48,000 | ||
Cash and cash equivalents at end of period | $ 97,600 |
Company purchased equipment costing 82,000 by paying 23,700 cash and issuing 58,200 bank loan
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