Bolton Travel Products, Inc.

Statement of Cash Flows

Year Ended December 31, 2012
Cash flows from operating activities
Net Income $39,700
Adjustments to reconcile net income
to net cash provided by operating activities
Depreciation 28,000
Decrease in accounts receivable 16,000
Increase in inventory -21,000
Increase in prepaid expenses (500)
Increase in accounts payable 14,000
Increase in accrued liabilities 25,000
Net cash provided by operating activities $101,200
Cash flows from investing activities
Acquisition of plant assets (75,000)
Proceeds from sale of land 25,000
Net cash used for investing activities ($50,000)
Cash flows from financing activities
Proceeds from issuance of common stock 50,000
Payment of long-term note payable (16,000)
Payment of dividends (11,000)
Net cash provided by financing activities $23,000
Net increase in cash $74,200
Cash balance, December 31, 2011 50,800
Cash balance, December 31, 2012 $125,000
Non-cash investing and financing activities:
Acquisiton of plant assets by issuing note payable $55,000
Newbury has a strong cash flow with most coming from operations.
The company invested in new plant assets by issuing common stock.
The company was also able to pay off a long-term note payable.
The company had a favorable cash flow year.