James Company Statement of Cash Flows For the Year Ended December 31, 2020 Cash flows from operating activities Not home Adjustments to reconcile net income to net cash $ 7430 by operating activities: 5527 Rep Exp -10 -908 - 444 163 1669 Net cash by operating activities Cash flows from investing activities by investing activities Net cash Cash flows from financing activities by financing activities $ Net cash Net increase (decrease) in cash Cash, December 31, 2019 Cash, December 31, 2020 $ Noncash investing and financing activities $ James Company Balance Sheet As of December 31 2020 2019 Change $ (in 00s, except per share amounts) Assets Current assets Cash and cash equivalents Accounts receivable, net Inventories, net Prepaid expenses and other current assets Noncurrent assets Property, plant and equipment net 6,894 $ 8,704 16,624 275 32,497 6,246 10,373 15,716 265 32,600 648 (1,669) 908 10 Total current assets (677) 78,708 79,385 111,985 $ 111,205 5 Total assets 200 6,270 7,457 13,927 200 6,105 7,901 14,206 S (165) 444 s Liabilities and Stockholders' Equity Current Liabilities Current portion of long-term debt Accounts payable Accrued expenses and other liabilities Total current liabilities Noncurrent Liabilities Long-term debt Deferred income taxes Total noncurrent liabilities 19,800 $ 6,520 (184) 26,320 $ 7.942 34 262 $ 8.126 27,926 $ 27,818 dec Achec- trash DO TAO Stockholders' Equity Convertible Class A preferred stock, par value $1 per share (600 shares authorized) 600 600 Common stock, par value $1 per share (20,000 shares authorized, shares issued: 2020 - 17,500, 2019 - 20,000) 20,000 20,000 Paid-in capital 22,714 21,714 1,000 Treasury stock, at cost (shares held: 2020 - 2,500, 2019 - 0) (15,000) (15,000) Retained earnings 34,423 6,605 Total stockholders' equity $ 62,737 $ 70,132 Total liabilities and stockholders' equity 111,205 $ 111,985 Ah Additional Information: Of James Company had Net Income of $7,480 and recognized Depreciation Expense in the amount of $5,327. James Company paid a cash dividend of $875 in the current year. FIN James Company also issued long-term debt in the amount of $5,200 and made a payment of $200 on the current portion of previously borrowed long-term debt. James Company recognized $1,000 of Compensation expense related to a stock-based compensation plan. James Company had unamortized discount on its bonds payable in the amount of $70 as of December 31, 2020 and $90 as of December 31, 2019. Two James Company acquired a piece of land in exchange for a $1,500 long-term note payable. All other acquisitions of PPE were made with cash in the amount of $3,950. James Company sold machinery for $1,250 cash recognizing a gain of $450 as the machinery had a book of $800 at the time of sale. There were no other disposals of PPE. 00 IN
