Addie Mae, Inc. Statement of Cash Flows For Year Ended December 31, 2016 Cash flow from operating activties Net income Non-cash expenses included in net income: Depreciation Instructions: Cash provided by (used for) current assets and liabilities Accounts receivable Inventory Accounts payable Accrued liabilities Income taxes payable Net cash used by operating activities Complete calculations and data entry, per problem 4.11 from the textbook, to provide entires to any areas highlighted in yellow. The net cash subtotals, as well as the net increase (decrease) in cash, will be calculated for you. $ Cash flows from investing activities Purchase of plant and equipment Purchase of long-term investments Net cash used by investing activities $ Cash flows from financing activities Additions to long-term debt Sale of common stock Net cash provided by financing activities $ Increase (Decrease) in cash $ December 31, 2016 2015 Cash $3,300 $ 1,000 Accounts receivable (net) 1,100 600 Inventory 11,200 4.300 Total Current Assets $15,600 $ 5,900 Plant and equipment $ 3,000 $ 2,300 Less accumulated depreciation _(1.300) _(800) Plant and equipment (net) $ 1,700 $ 1,500 Long-term investments 1.200 900 Total Assets $18,500 $ 8,300 Accounts payable $ 3,300 $ 2,500 Accrued liabilities 700 600 Income taxes payable 400 100 Total Current Liabilities $ 4,400 $ 3,200 Long-term debt 200 0 Total Liabilities $ 4.600 $ 3,200 Common stock ($1 par) and additional paid-in capital 9,900 7,300 Retained earnings __4.000 _(2.200) Total Liabilities and Equity $18,500 $ 8,300 Income Statement for 2016 Sales $94.000 Cost of goods sold 55,000 Gross profit $39,000 Selling and administrative $ 28,800 Depreciation 500 29,300 Operating profit $ 9,700 Interest expense 100 Earnings before tax $ 9,600 Tax expense _3.400 Net income $ 6,200