Net income

Depreciation Expense

Change in Accounts Receivable

Change in Inventory

Change in Accounts Payable

OPERATING CASH FLOWS

Acquisitions of fixed assets

INVESTING CASH FLOWS

Change in Notes Payable

Change in Long-term debt

Change in Common stock

FINANCING CASH FLOWS

NET CHANGE IN CASH

CASH AT BEGINNING OF YEAR

CASH AT END OF YEAR

	2019	2018	change
Cash	200,000	170,000	30,000
Accounts Receivable	864,000	700,000	164,000
Inventory	2,000,000	1,400,000	600,000
			-
Net Fixed assets	6,000,000	5,600,000	400,000
			-
Accounts Payable	1,400,000	1,090,000	310,000
Notes Payable	1,600,000	1,800,000	(200,000)
			-
Long term debt	2,400,000	2,400,000	-
Common Stock	3,000,000	2,000,000	1,000,000
Retained Earnings	664,000	580,000	84,000
Assume the following additional information:
1. net income after taxes for the year 2019 was $84,000; EBIT was $106,329.
2. Depreciation expense for 2019 was $300,000
3. Acquisitions of fixed assets were $700,000 in 2019
4. No dividends were paid during 2019
5. The firm's tax rate is 21%