by the operations in 2013. The members of the board also have the options of rag Scanned by CamScanner In 2013, the management committee of Austin Industries Inc. would like to me 116 CHAPTER 3 Statement of Cash Flows CASE 1: AUSTIN INDUSTRIES Cases $75,000 in property, plant, and equipment. The board of directors would like more funds from the shareholders and increasing their long-term borrowings, From the information shown on Austin Industries Inc. 2013 projected statement of financial position, identify the cash inflows and the cash outflows for the year 2013 2012 75 (26) Austin Industries Inc. Statements of Financial Position As at December 31 (in 5000s) 2013 Non-current assets Property, plant, and equipment 150 Accumulated depreciation/amortization Toual non-current assets 109 Current assets Inventories 75 Trade receivables 30 Term deposits Cash 7 Toual current 112 Total assets 221 Equity 53 22 11 15 101 150 64 95 159 38 67 105 26 8 Retained earning Tocal quity Non-current liabilities Long-termin Current liabilities Trade and other puyalles Notespuble Other current liabilities Total current liabilities Total liabilities Total equity and liabilities 15 18 3 15 15 221 150 Scanned by CamScanner Cantes 117 V In 2013, management of Austin Industries Inc. expects to generate $38,000 in profit. The board of directors will pay $10,000 in dividends to the shareholders. Questions Prepare the following statements: 1. The adjustments in non-cash working capital accounts statement for 2013 2. "The statement of cash flows for 2013