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15. Using the statements of cash flows for JAJ Enterprises: a. prepare a summary analysis of the statement of cash flows., b. analyze cash flow from operating activities, and c. analyze the cash inflows and cash outflows. JAJ Enterprises Statement of Cash Flows For the Years Ended December 31,2015 and 2014 (in thousands) Cash flows from operating activities (CFO) Net income Adjustments to reconcile net income to CFO: 2015 2014 $8,100 $6,800 Depreciation and amortization Deferred income taxes Other non-cash items 3,100 1,600 900700 (600) (700) (Increase) decrease in operating assets and liabilities: Accounts receivable Inventories Other current assets Accounts payable Income taxes payable Accrued liabilities (7,800) (2,300) (2,100) 1,700 (900) 2,000 (1,300) 4,100 400 (800) 1,700700 1,500 13,800 Cash flows from investing activities: Purchases of property and equipment Net cash used by investing activities Cash flows from financing activities: (800) (1,200) (800) (1200) 4,700 4,600 100 (1,100) (200) (3,300) 4,600 200 5,300 12,800 30,600 17,800 $35,90 $30,60 TD Proceeds from common stock sales Proceeds (repayments) of short-term debt Repayment of long-term debt Net cash provided by financing activities Net increase in cash Beginning cash balance Ending cash balance