INCOME STATEMENT
NET INCOME		$ 7,945
DEPRECIATION EXPENSE		$ 2,325
LOSS ON SALE OF PLANT ASSETS		$ 375
ADDITIONAL INFO
NEW PLANT ASSETS PURCHASED		$ 4,250
OLD PLANT ASSETS SOLD FOR CASH		$ 75
ORIGINAL COST		$ 2,875
BONDS MATURED AND PAID OFF IN CASH
CASH DIVIDEND PAID		$2,018
INSTRUCTIONS
PREPARE THE WORKSHEET FOR THE STATEMENT OF CASH FLOW.
PREPARE THE ACTUAL STATEMENT OF CASH FLOWS.
NOTE: If it is easier for you to just do the actual statement of cash flow without
using the worksheet, that's ok. Most students (about 95%) find it easier to
to do the worksheet first and then the actual statement of cash flows.