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Metagrobolize Industries

Spreadsheet for the Statement of Cash Flows


2013
(Amounts entered in 000's)

Balance Sheet
Assets December 31,2012
Cash 375
Accounts Reciveable 450
Inventory 525
Land 600
Building: 900
Less Accumulated Depreciation -270
Equipment 2250
Less Accumulated Depreciation -480
Patent 1500
Total 5850

Liabilities
Accounts Payable 450
Accured Expense 225
Lease Liability-Land 0

Shareholder Equity
Common Stock 3000
Paid in Capital-ex of par 675
Retained Earnings 1500

Total 5850

Statement of Income
Revenue
Sales Revenue
Gain on Sale of Land
Expenses
Cost of Goods Sold
Depreciation Expense:Building
Depreciation Expense:Equipment
Loss on sale of equipment
Amoritization of Patent
Operating Expense
Net Income

Statement of Cash Flow


Operating Activities
Cash flow from:
Customers
Cash outflow:
To supplier of goods
For Operating Expense
Net Cash Flow
Investing Activities
Purchase of Equipment
Sale of Land
Sale of Equipment
Net Cash Flows
Finance Activities
Payment of Cash Dividends
Net Cash Flow
Net Increase in Cash
Total

METAGROBOLIZE INDUSTRIES
Statement of Cash Flows
For year ended December 31, 2013 ($ in 000s)

Account Debit Credit


Cash Flow from Operating Activities
Cash flow from:
Customers 2495
Cash outflow:
To Supplier of Goods -675
For Operating Expense -425
Net Cash Flow 1395

Investing Activities
Purchase of Equipment -900
Sale of Land 165
Sale of Equipment 15
Net Cash Flows -720
Finance Activities
Payment of Cash Dividends -450
Net Cash Flow -450

Net Increase in Cash 225

Cash Balance, January 1,2013 375


Cash Balance, December 31,2013 600

Non-Cash Investing and Finance


Land aquired by lease 150
dustries
ment of Cash Flows

in 000's)

Changes
Debit Credit December 31,2013
225 600
150 600
375 900
150 75 675
900
30 -300
900 300 2850
270 315 -525
300 1200
6900

300 750
75 300
150 150

150 3150
75 750
225 975
450 1800
6900

2645 2645
90 90

600 600
30 30
315 315
15 15
300 300
500 500
975 975

2495

675
425
1395

900
165
15
-720

450
-450
225 225
8155 8155

NDUSTRIES
h Flows
1, 2013 ($ in 000s)
Cash flows from operating activities (direct
Mike method) derived from an income statement
Roe Computers
flows from operating activities (indirect method)

2013 ($ in millions)

A Account Debit Credit


Cash(Recived from Customers) $ 155
Account Receivable $ 5
Sales Revenue $ 150

B Cost of Goods Sold $ 90


Inventory $ 6
Accounts Payable $ 9
Cash (paid to supplier of goods) $ 87

C Salaries Expense $ 20
Salaries Payable $ 3
Cash (paid to employees) $ 17

D Interest Expense $ 6
Discount on Bonds Payable $ 3
Cash (paid for interest) $ 3

E Insurance Expense $ 12
Prepaid Insurance $ 2
Cash (paid for insurance) $ 10

F Income Tax Expense $ 13


Income Tax Payable $ 6
Cash (paid for Income Taxes) $ 7

2 Cash Flow from Operations Amount


Cash Recived from Customers $ 155
Cash Paid to Suppliers $ (87)
Cash Paid to Employees $ (17)
Cash Paid to Interest $ (3)
Cash Paid to Insurance $ (10)
Cash Paid to Income Tax $ (7)

Net Cash Flow from Operating Activities $ 31


income statement and cash
hod)