Analysts following the Tomkovick Golf Company were given the following balance sheet information for the years ended June 30, 2011 and June 30, 2010:

Assets 2011 2010

Cash and marketable securities $33,411 $16,566

Accounts receivable 261,262 318,768

Inventory 422,762 352,740

Other current assets 41,251 29,912

Total current assets $758,686 $717,986

Plant and equipment 2,219,744 1,609,898

Less: Accumulated depreciation (707,069) (206,678)

Net plant and equipment $1,512,675 $1,403,220

Goodwill and other assets 382,145 412,565

Total assets $2,653,506 $2,533,771

Liabilities and Stockholders' Equity 2011 2010

Accounts payable and accruals $378,236 $332,004

Notes payable 14,487 7,862

Accrued income taxes 21,125 16,815

Total current liabilities $413,848 $356,681

Long-term debt 751,090 793,515

Total liabilities $1,164,938 $1,150,196

Preferred stock - -

Common stock (10,000 shares) 10,000 10,000

Additional paid-in capital 975,465 975,465

Retained earnings 516,437 398,110

Less: Treasury stock (13,334) -

-

Total common equity $1,488,568 $1,383,575

Total liabilities and stockholders' equity $2,653,506 $2,533,771

In addition, it was reported that the company had a net income of $3,046,536 and that depreciation expenses were equal to $500,391. Company paid dividends of 2,928,209.

a. Construct a cash flow statement for this firm.

b. Calculate the net cash provided by operating activities for the statement of cash flows.

c. What is the net cash used in investing activities?

d. Compute the net cash provided by financing activities.

(If an amount reduces the cash flow then enter with negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

Tomkovick Golf Company

Year ended June 30, 2011

Operating Activities

Net income $ _____________________

Additions (sources of cash) ______________________

Depreciation and amortization ______________________

Increase in accounts payable _______________________

Decrease in accounts receivable ______________________

Increase in accrued income taxes _______________________

Subtractions (uses of cash) _________________________

Increase in other current assets ________________________

Increase in inventories ___________________________

Net cash provide by or Use in operating activities $ _________________

Long-Term Investing Activities

Increase in property equipment $ _____________________

Decrease in goodwill and other assets ______________________

Net cash provide by or Use in investing activities $ _____________________

Financing Activities

Increase in notes payable $ ________________________________

Decrease in long-term debt ________________________________

Payment of cash dividends _________________________________

Purchase of treasury stock __________________________________

Net cash Provide by or Use in financing activities $ ___________________

Effect of exchange rates on cash $ ___________________

Net increase in cash and marketable securities ____________________

Cash and securities at beginning of year _____________________

Cash and securities at end of year $ ____________________