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My statement of cash flows is not correct. I have currently highlighted the section I am referring too. Am i not adding a certain financial

image text in transcribed

My statement of cash flows is not correct. I have currently highlighted the section I am referring too. Am i not adding a certain financial item? Below is image of original financial statements

image text in transcribed

Northern Manufacturing Common-Size Balance Sheet Cash Accounts Recievable Inventory Gross Fixed Assets Accumulated Depreciation Total Assets $ $ $ $ $ $ 2014 200.00 $ 7,300.00 $ 6.470.00 $ 9,000.00 $ (3.10000) $ 19,870.00 $ 2018 2017 500.00 $ 980 DO $ 6,250.00 $ 3,570.00 $ 5,180.00 $ 3.033.00 $ 7,500.00 $ 6,650.00 $ 2.400 00) $ (1.750 DO) $ 17,030.00 $ 12,483.00 $ 2016 965.00 3.103.00 2.890.00 5,800.00 (1.150 00) 11,598.00 Liabilities & Equities Accounts Payable Accruals Lung-term Bonds Total Cquity Total Liabilities and Equity $ $ $ $ $ 2019 2.210.00 22000 12 335.00 5.105.00 19.870.00 $ $ $ $ $ 2018 2017 1.060.00 $ 1.650.00 85000 $ 742 00 11,320.00 $ 7891.00 3.000.00 $ 2.200.00 17.030.00 $ 12.483.00 $ $ $ $ $ 2016 1.060.00 385.00 7.80500 1.548.00 11,598.00 Sales Cost of Goods Sold Operating Expenses Depreciation Interest Expense Prelax Profit Income Tax Expense (40% tax rate Net Income before takes Northern Manufacturing Common-Size Income Statement 2019 2018 $22.580 $20,510 11.506 10.665 5332 5 702 700 650 1.180 910 $3.842 $2,583 1.537 1.033 $1,550 2017 $17,850 9,100 5.18 GOO 800 $2,170 an $1,302 Assets Cash Accounts Recievable Inventory Gross Fixed Assets Accumulated depreciation Total Assets Northern Manufacturing Comparitive Balance Sheet 2019 est. 2018 2017 $ 200.00 $ 500.00 $ 980.00 $ 7,300.00 $ 6,250.00 $ 3,570.00 $ 6,470.00 $ 5,180.00 $ 3.033.00 $ 9,000.00 $ 7,500.00 $ 6.650 00 (3 100 00) S 12 400 0D) $ (1.750 DO) $ 19,870.00 $ 17,030.00 $ 12,483.00 Liabilities & Equities Accounts Payablo Accruals Long-term Bonds TotalCquity Total Liabilities and Equity 2019 est. $ 2,210.00 $ 22000 $ 12,335.00 $ 5,105.00 $ 19,870.00 $ $ $ $ $ 2018 2017 1,080.00 $ 1.650 00 850 00 $ 742 DO 11,320.00 $ 7,891.00 3,000.00 $ 2.200.00 17,030.00 $ 12.483.00 Sales Cost of Goods Sold Operating Expenses Depreciation Interest Expense Pre Tax Profit Income Tax Expense (40% tax rate Net Income Norther Manufacturing Comparative Income Statement and Reconciliation of Retained Earnings 2019 est. 2018 2017 $22.580 $20,510 S 17 850 11 506 10 665 9 100 5,332 5,702 5,180 700 650 600 1.180 910 800 82 583 $2,170 1537 1 033 858 $2,305 $1,550 $1,302 Norther Manufacturing Statement of Cash Flows-2019 2305 700 -1050 -1790 350 -630 Operating Actives: Net income Adjustments to convert net income to Cash Depreciation Increase in accounts receivable Increas in inventory Increase in accounts payable decrease in Accrued liabilities Total Operating Invating Activities: Total investing Total Financing Activities Issuance of common stock Dividends Paid Total Financing Activities Reginning Cash and cash equivalents Ending cushant un equivalents $1,000 - 1200 200 500 185 EXHIBITS: SUPPLEMENTAL DATA (for Northern Manufacturing) All values, except stock price, are in thousands ($000) Table 1 Balance Sheets 2016 2017 2018 2019 Est. Assets Cash Accounts receivable Inventory Gross fixed assets Accumulated depreciation Total assets $955 3,103 2,890 5,800 -1,150 $11,598 $980 3,570 3,033 6,650 -1,750 $12,483 $500 6.250 5,180 7,500 -2,400 $17,030 $200 7,300 6,470 9,000 -3,100 $19,870 Liabilities and equity Accounts payable Accruals Long-term bonds Total equity Total liabilities and equity $1,860 385 7,805 1,548 $11,598 $1,650 742 7,891 2.200 $12,483 $1,860 850 11,320 3,000 $17,030 $2,210 220 12,335 5,105 $19,870 Table 2 Income Statements 2017 2018 2019 Est. $22,560 11,506 5,332 Sales Cost of goods sold Operating expenses (excluding depreciation and interest) Depreciation Interest expense Pre-tax Profit Income Tax Expense (40% tax rate) Net Income $17,850 9,100 5,180 600 800 $2,170 868 $1,302 $20,510 10,665 5,702 650 910 $2,583 1,033 $1,550 700 1.180 $3,842 1,537 $2,305 Table 3 Other Information 2017 2018 2019 Est. Dividends Paid Stock Issuance Stock price Avg. Shares outstanding $650 $0 $78.12 300 $750 $0 $70.00 300 $1,200 $1,000 $65.88 315

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