Analyze the statement of cash flows for Candy Corporation.

a. Prepare a summary analysis of the statements of cash flows for Candy Corporation for 2015 and 2016.

1. Analyze the statement of cash flows for Candy Corporation.

a. Prepare a summary analysis of the statements of cash flows for Candy Corporation for 2015 and 2016.

b. Write an analysis of the statements of cash flows for Candy Corporation for 2015 and 2016. (Analyze operating cash flow, cash inflow, and cash outflow)

Candy Corporation

Statement of Cash Flows

For the Years Ended December 31, 2016 and 2015

2016 2015

Net income $1200 ($1500)

Adjustments to reconcile net income to net cash

provided by (used for) operating activities:

Depreciation 550 660

Changes in assets and liabilities:

Accounts receivable (1500) 2100

Inventory ( 220) (20)

Accounts payable 1300 (2500)

Accrued expenses (20) (330)

Net cash provided by (used for) operating activities $1310 ($1590)

Cash flows from investing activities:

Additions to property, plant & equipment (440) (300)

Cash flows from financing activities:

Proceeds from long-term debt 500 700

Repayments of long-term debt (400) ----

Payment of cash dividends (25) (45)

Net cash provided by financing activities 75 655

Net increase (decrease) in cash $945 ($1235)

Cash at beginning of period 1765 3000

Cash at end of period $2710 $1765