PROBLEM 2 : FINISH THE CASH FLOW STATEMENT ALREADY STARTED PROBLEM 2 COMPANY Statement of Cash Flows Cash flows from operating activities Net Income Adjustments to reconcile Net Income to cash flows from operations Decrease in AR 50,000 Increase in Prepaids (20,000) Decrease in AP (30,000) Non Cash income and expenses USE THE INFO PROVIDED ON PRIOR TAB TO COMPLETE THE STMT OF CASH FLOW FOR CASH IS KING. SOME OF THE STATEMENT HAS BEEN DONE FOR YOU. T ACCOUNTS ARE OPTIONAL, BUT HELPFUL, ON NEXT TAB. Net cash operating activties Cash flows from investing activities Net cash investing activities Cash flows from financing activities Net cash financing activities Net increase (decrease) in cash Cash at the beginning of year Cash at the end of year Non Cash Transactions: 110,000 $ 330,000 PROBLEM 2 TACCOUNTS EQUIPMENT CASH ACCUM DEPR APIC, COMMON STOCK RETAINED EARNINGS PROBLEM 2 : FINISH THE CASH FLOW STATEMENT ALREADY STARTED PROBLEM 2 COMPANY Statement of Cash Flows Cash flows from operating activities Net Income Adjustments to reconcile Net Income to cash flows from operations Decrease in AR 50,000 Increase in Prepaids (20,000) Decrease in AP (30,000) Non Cash income and expenses USE THE INFO PROVIDED ON PRIOR TAB TO COMPLETE THE STMT OF CASH FLOW FOR CASH IS KING. SOME OF THE STATEMENT HAS BEEN DONE FOR YOU. T ACCOUNTS ARE OPTIONAL, BUT HELPFUL, ON NEXT TAB. Net cash operating activties Cash flows from investing activities Net cash investing activities Cash flows from financing activities Net cash financing activities Net increase (decrease) in cash Cash at the beginning of year Cash at the end of year Non Cash Transactions: 110,000 $ 330,000 PROBLEM 2 TACCOUNTS EQUIPMENT CASH ACCUM DEPR APIC, COMMON STOCK RETAINED EARNINGS