GUNGON, Rena Marie C.

(A-116)
TTh (10:10AM – 11:40AM)
YMATHBUSFIN - 6219

XYZ Corporation
Statement of Cash Flows
For the Year Ended December 31, 2020

Cash flows from (used in) operating activities

Additions to Cash:
Net Income 20,000
Depreciations 2,350
Cash receipts from customers 15,000
Subtraction to Cash:
Cash paid to suppliers -4,000
Cash paid to employees -5,000
Increase in Inventory -3,450
Interest expense paid -1,500
Income taxes paid -2,000
Net cash flows from operating activities 21,400
Cash flows from (used in) investing activities
Proceeds from the sale of equipment 10,000
Dividends received 5,000
Net cash flows from investing activities 15,000
Cash flows from (used in) financing activities
Increase in Loans Payable 20,000
Dividends paid -10,000
Net cash flows from financing activities 10,000

Net increase in cash and cash equivalents 46,400

Cash, beginning of the year 4,786
Cash, end of the year 51,186