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Is this the correct format for a Statement of Cash Flows? Panther Marine Instructions: Using the changes columns from the adjusted trial balance worksheet AND

Is this the correct format for a Statement of Cash Flows?

Panther Marine
Instructions: Using the "changes columns" from the adjusted trial balance worksheet AND the below additional information to create a statement of cash flows using the INDIRECT METHOD. Round all amounts to the nearest cent. The rest of the formatting is up to the student. Note that grades are based on organization and clarity of this financial statement. Other required items and additional information are:
a. Only use accounts that have changes or cash flows
b. Proper report title
c. Net change in cash, beginning cash balance, ending cash balance and cash per balance sheet MUST be included
d. All cash flow activities must be identified, organized, totaled, and clearly labeled
e. Assume all investment changes utilized only cash
f. Assume all financing changes utilized only cash
g. Panther Marine considers bonds and notes as investments
Panther Marine
Cashflow Statement
For the Year Ended June 30, 2017
Cash flows from Operating Activitires
Net Income (Loss) -248364.99
Adjustments to reconcile net income to net cash flow from Operating Activities:
Depreciation 103000
Unrealized Gain - Trading Securities -6000
Realized Loss - Investment Securities 51955
Interest Expense 12500
Unrealized Loss - Trading Securities 68000
Realized Loss - Investment Securities 9000
Unrealized Gain - Trading Securities -6000
Total Adjustments 232455
Changes in Current Operating Assets and Liabilities
Accounts Receivable 67223
Doubtful Debts -5826
Inventory 94630
Returns of Inventory 12909
Prepayments 3215
Accounts Payable 251150
Accrued Expenses 8654 431955
Net cash flow from operating activities 416045.01
Cash Flows from Investing Activities
Investments Purchased -42955
Land -247232
Equipment -10000
Net cash flow from investing activities -300187
Financing Activities
Bonds 212000
Mortgage -50000
Common Stocks 15500
Premium 154545
Net cash flow from financing activites 332045
Ending Cash Balance 1048277.01

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