KM Manufacturing Company

Statement of Cash Flows

For the Year Ended December 31,2020
Net Income 430,000
Adjustment provided by operating activities:
Depreciation expense 880,000
Loss on sale of equipment 24,000
Loss on disposal of plant assets 24,000
Net cash provided/used by operating activities 1,358,000

Cash flows from investing activities

Sale of Equipment 270,000

Cash flows from financing activities

Dividends - 200,000
Accounts Payable 521,000

Net increase in cash

Cash balance, beginning 672,000
Cash balance, end 1,263,000