Phil's Haulage

Statement of Cash Flows

Year-End, December 31, 2012
Operating Activities
Net Income $ 595,954.00
Adjustment to Cash Basis:
Depreciation $ 724,718.00
Gain on Sale -$ 149,050.00
A/R 2011 A/R - 2012 A/R= -$ 405,565.00
Income Tax Payable 2011 - 2012 = $ 60,608.00
A/P + Incurred Liabilities 2011 - 2012 = -$ 418,288.00 -$ 187,577.00
Total Cash from Operating Activities $ 408,377.00

Financing Activities
Advances to shareholder -$ 216,004.00
Bank Indebtedness $ 9,086.00
C/P of Loans Payable 2011 - 2012 = $ 112,594.00
Shareholder loan -$ 52,343.00
Loans Payable -$ 68,969.00
Total Cash from Financing Activities -$ 215,636.00

Investing Activities
Capital Assets 2193379+(1924822+724718-149050) New+Old+Dep+G/L $ 844,225.00
Total Investing Activities -$ 844,225.00

Total Cash Flow -$ 651,484.00

Beginning Cash Flow $ 651,484.00

Net Cash Flow -$ 651,484.00
Ending Cash Flow $ -