1 Net Income

Sales ₱ 5,000,000.00
Cost of sales (3,000,000.00)
Gross Profit 2,000,000.00
Less: Expenses
Salaries and Wages 1,000,000.00

Advertising Expense 100,000.00

Office Supplies Expense 50,000.00
Insurance Expense 40,000.00
Depreciation Expense 90,000.00
Taxes and Licenses 110,000.00 1,390,000.00
Net Income ₱ 610,000.00

2 Cash from Operating Activities

Net Income 610,000.00
Adjustment to reconcile net income to net
cash provided by operating activities:
Credit Sales-not yet collected (600,000.00)
Salaries and Wages not yet paid 50,000.00
Depreciation 90,000.00 (460,000.00)
Cash from Operating Activities ₱ 150,000.00

3 Cash from Investing Activities

Purchase of Delivery Van (1,150,000.00)
Purchase of Equipment (400,000.00)
Cash paid from Investing Activities -₱ 1,550,000.00

4 Cash from Financing Activities

Loan from Banko Oro 1,000,000.00
Cash withdrawn by the owner (150,000.00)
Additional investment 200,000.00
Cash from Financing Activities ₱ 1,050,000.00
 Excel Company
Statement of Cash Flows
As of 20x1

Cash from Operating Activities

Net Income 610,000.00
Adjustment to reconcile net income to net cash
provided by operating activities:
Credit Sales-not yet collected (600,000.00)
Salaries and Wages not yet paid 50,000.00
Depreciation 90,000.00 (460,000.00)
Cash from Operating Activities

Cash from Investing Activities

Purchase of Delivery Van (1,150,000.00)
Purchase of Equipment (400,000.00)

Cash paid from Investing Activities

Cash from Financing Activities

Loan from Banko Oro 1,000,000.00
Cash withdrawn by the owner (150,000.00)
Additional investment 200,000.00
Cash from Financing Activities

Net change in Cash Flow

Cash, beginning
Cash, ending
₱ 150,000.00

-₱ 1,550,000.00

₱ 1,050,000.00

(350,000.00)
440,000.00
₱ 90,000.00