Make a statement of cash flows

last picture shows how to set up and examples

ECHO COMPANY Comparative Balance Sheet For year ended December 31, 2019 Cash Accounts receivable Prepaid expenses Inventory Accuipment Dop. Equip. Total Assots \begin{tabular}{rr} Doc. 31,2019 & Dec.31,2018. \\ \hline 58,288 & $,40,134 \\ \hline 23,810 & 20,648 \\ 4,725 & 11,243 \\ \hline 35,380 & 33,212 \\ \hline 76,286 & 59,533 \\ \hline(18,021) & (13,979) \\ \hline 190,468 & $150,791 \\ \hline \end{tabular} Liabilities \& Equity Accounts Payable Bonds Payable Assels Additional Information: 1. Net income for the year ending December 31,2018 was \$ 20,219 which includes depreciation expense of $4,042. 2. Dividends paid in cash were $1,035 3. Bonds with a face-value of $3,000 were redeemed at face value upon maturity of the bonds in cash. 4. Common Stock with a par value of $28,000 were issued at par value for cash. I OPERATING SECTION - Rdet Net income or Seibtract Net toss 4 Add non-rash expenses or losyes 5 Subtract non-cash revenues of gaint 7 A0D HinA - Pa culrinet assets and current liatilities 9. ADD ILDA - Add increases in liatilities and decreases in assets 10 In inample 12. Acrounts Payable increases from 1,000to 1500 during the year, + This is an add 13. Accounts thecenable decreases from 1,000 to soo during the yeat. . This is an add 14 13 Now this also means that you would whorat decreases in liabintes and incieases in assets. 1ti 11 Example in Accounts Payable decreases from 1,200 to 7$0 during the vear-This a a subtract 10 Accounts fecelvable incresses from 1,200 to 790 during the year this is a siabtract INVESTING SECTION Cash flows associated with acquisition and disposition of Property Plant \& Equipenent and othur loneterm assetsi Only the actual cash. Gales and losses associated with these transactions is reportind in the operating section. TINANCING SECTION. Cmh flows aswodiated with equity iteens, 5 tocks and Dwidends, and forig term liabilities sueh as bonds atid lone-term Again the actual cash. If ary getins or losses ire recognited in the lncoive Stateenent as a result then it is reported in op