Cases CASE 1: AUSTIN INDUSTRIES In 2013, the management committee of Austin Industries Inc. would like to inve $75,000 in property, plant, and equipment. The board of directors would like to approve the decision, but first they must find out how much cash will be generated by the operations in 2013. The members of the board also have the options of raising more funds from the shareholders and increasing their long-term borrowings From the information shown on Austin Industries Inc's 2013 projected statement of financial position, identify the cash inflows and the cash outflows for the year 2013 Austin Industries Inc. Statements of Financial Position As at December 31 (in 5000) Non-current assets Property, plant, and equipment Accumulated depreciation/amortization Total non-current assets Current assets Inventories Trade receivables Term deposits Cash Total current as Total assets Equity Share capital Retained earning Toul equity Non-current liabilities Long-term borrowings Current liabilities Trade and other payables Notes payable Other current liabilitie Total current liabilities Total liabilities Total equity and liabilities 2013 2012 150 75 (41) (26) 109 49 75 53 30 11 15 101 150 38 67 159 105 * 151575 15 150 Scanned by CamScanner Cases 117 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