compare two financial statements between the income statement and statement of cash flows. INCOME STATEMENT
Year	2014 ($)	2014 ($)
Sales Revenue		586000
(-)Cost of Goods sold		264500
Gross Profit		321500
(-)Expenses
Rent	28000
Salaries	78500
Utilities	6700
Property taxes	16900
Insurance	1400
Depreciation	24350
Marketing	4500	160350
Net Income		161150
Workings:-
Cost of goods sold as per TB	307000
(-) Adjustments for inventory not included	42500
Adjusted Cost of goods sold	264500

NYBROSTRAND COMPANY
CASHFLOW STATEMENT
	2014 ($)	2014 ($)
Cash from operating activities
Net Income as per Income statement	161150
(+) Depreciation	24350
Cash from operating activities before working capital changes		185500
Increase in Inventory	-76500
Increase in Accounts Receivable	-36500
Increase in Accounts Payable	78000
Working Capital Changes		-35000
Cash from operating activities after working capital changes		150500
Cash used investing activities
Equipment		-439350
Land		-400000
Cash used in investing activities		-839350
Cash from financing activities
Longterm debt		127000
Note payable to bank		360000
Common Stock - Initial		10000
Common Stock -Secondary offering		30000
Paid in Capital - Initial		50000
Paid in Capital - secondary offering		150000
Retained earnings		131850
Dividend paid		-15000
Cash from financing activities		843850
Total Increase in Cash Balance (150500-839350+843850)		155000
Cash Balance as per Balance Sheet		155000