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13 14 15 16 17 18 19 20 21 CANACE PRODUCTS INC. Statement of Cash Flows For the Year Ended December 31, 2016 Cash flows

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13 14 15 16 17 18 19 20 21 CANACE PRODUCTS INC. Statement of Cash Flows For the Year Ended December 31, 2016 Cash flows from operating activities: Cash received from customers Net cash flow from operating activities Cash fows from investing activities: 25 Cash received from sale of investments 28 29 Net cash flow used for investing activities Cash flows from financing activities: 31 32 Cash recelved from saie of common stock Less: Net cash flow from financing activities Decrease in cash Cash at the beginning of the year Cash at the end of the year 35 37 Schedule Reconciling Net Income with Cash Flows from Operating Activities: Net income Adjustments to reconcile net income to net cash flow from operating activities Depreciation expense Loss on sale of investments 41 Changes in current operating assets and liabilities: 43 45 46 47 Net cash flow from operating activities 49 50 Computations 51 52 53 54 1. Sales Cash received from customers 2. Cost of merchandise sold Subtotal 59 Cash payments for merchandise 31 32 3. Operating expenses other than depreciation Cash payments for operating expenses

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