Student Name Class: Problem 12.04A GALLEY CORPORATION Statement of Cash Flows For Year Ended December 31, 2011 9 Cash from operating activities: Net income 11 Adjustments to reconcile net income to net 12 cash provided by operating activities 13 increase in accounts receivable ncrease in inventory Decrease in accounts payable L16 ncrease in taxes payable 17 Depreciation expense 18 Net cash provided by operating activites L19 Cash flows from investing activities: 120 Cash paid for equipment .21 Cash flows from financing activities: 22 Cash received from issuing stock 23 Cash paid for cash dividends 24 Net cash used in financing activities 25 Net increase in cash 26 Cash balance at beginning of 2011 27 Cash balance at end of 2011 P12-04A