I completed the following Statement of Cash Flow. However, I'm not sure if Purchase of Truck with Note and Interest on Note should go on the statement.

The Vice President of Sales claims the organization had a fabulous first year based on the SCF.The Controller disagrees noting this year was an operating failure and the statement was incorrectly presented with the $109,000 not representing an actual increase in cash.

Perfect Fit Clothing

Statement of Cash Flows

For the Period Ended December 31, 2016

Cash flow from Operating Activity

Net Income (382,000 + 8,000 - 253,000 - 170,000)

-33,000

Adjustment:

Depreciation

80,000

80,000

Cash generated from Operating Activity

47,000

Cash flow from Investing Activity

Sale of Investment

120,000

Purchase of Furniture and Fixtures

-330,000

Purchase of Investment

-95,000

Cash used for Investing Activity

-305,000

Cash flow from Financing Activity

Sale of Capital Stock

380,000

Purchase of Treasury Stock

-3,000

Cash used for Financing Activity

377,000

Net Increase in Cash

$119,000