P10-28A YOU ARE EVALUATING TWO COMPANIES AS POSSIBLE INVESTMENTS. THE TWO COMPANIES, SIMILAR IN SIZE, ARE COMMUTER AIRLINES THAT FLY PASSENGERS UP AND DOWN THE WEST COST. ALL OTHER AVAILABLE INFORMATION HAS BEEN ANALYZED AND YOUR INVESTMENT DECISION DEPENDS ON THE STATEMENT OF CASH FLOWS.

	A	B	C	D	E	F
1	COMMONWEALTH AIRLINES (COMAIR) LIMITED STATEMENT OF CASH FLOWS FOR THE YEARS ENDED NOVEMBER 30,2020 AND 2019
2		2020	2020	2019	2019
3	OPERATING ACTIVITIES:
4	NET INCOME (NET LOSS)		$(67,000)		$154,000
5	ADJUSTMENTS FOR NON-CASH ITEMS:
6	TOTAL		84,000		(23,000)
7	NET CASH PROVIDED BY OPERATING ACTIVITIES		17,000		131,000
8	INVESTING ACTIVITIES:
9	PURCHASE OF PROPERTY, PLANT AND EQUIPMENT	$(50,000)		$(91,000)
10	SALE OF LONG-TERM INVESTMENTS	52,000		4,000
11	NET CASH PROVIDED BY (USED FOR INVESTING ACTIVITIES		2,000		(87,000)
12	FINANCIAL ACTIVITIES:
13	ISSUANCE OF SHORT-TERM NOTES PAYABLE	122,000		143,000
14	PAYMENT OF SHORT-TERM NOTES PAYABLE	(179,000)		(134,000)
15	PAYMENT OF CASH DIVIDENDS	(45,000)		(64,000)
16	NET CASH USED FOR FINANCIAL ACTIVITIES		(102,000)		(55,000)
17	INCREASE(DECREASE) IN CASH		(83,000)		(11,000)
18	CASH BALANCE AT BEGINNING OF YEAR		92,000		103,000
19	CASH BALANCE AT END OF YEAR		$9,000		$92,000

	A	B	C	D	E	F
1	JETWAY INC. STATEMENT OF CASH FLOWS FOR THE YEARS ENDED NOVEMBER 30,2020 AND 2019
2		2020	2020	2019	2019
3	OPERATING ACTIVITIES:
4	NET INCOME		$184,000		$131,000
5	ADJUSTMENTS FOR NON-CASH ITEMS:
6	TOTAL		64,000		62,000
7	NET CASH PROVIDED BY OPERATING ACTIVITIES		248,000		193,000
8	INVESTING ACTIVITIES:
9	PURCHASE OF PROPERTY,PLANT,AND EQUIPMENT	$(303,000)		$(453,000)
10	SALE OF PROPERTY,PLANT AND EQUIPMENT	46,000		72,000
11	NET CASH USED FOR INVESTING ACTIVITIES		(257,000)		(381,000)
12	FINANCING ACTIVITIES:
13	ISSUANCE OF LONG-TERM NOTES PAYABLE	174,000		118,000
14	PAYMENT OF SHORT-TERM NOTES PAYABLE	(66,000)		(18,000)
15	NET CASH PROVIDED BY FINANCING ACTIVITIES		108,000		100,000
16	INCREASE (DECREASE) IN CASH		99,000		(88,000)
17	CASH BALANCE AT BEGINNING OF YEAR		116,000		204,000
18	CASH BALANCE AT END OF YEAR		$215,000		$116,000

REQUIREMENT:

USING THE INFORMATION PROVIDED, IDENTIFY AND DISCUSS THE STRENGTHS AND WEAKNESSES FOR THESE COMPANIES THAT ARE RELEVANT TO THE DECISIONS OF WHICH COMPANY TO INVEST IN. CONCLUDE YOUR DISCUSSION BY RECOMMENDING ONE COMPANY'S SHARES AS AN INVESTMENT.