National Corporation

Cash flow statement

On November 30, 2020

Cash flows from operating activities:

Net income -------------------------------------------------------215,820

Cash purchase of supplies------------------------------------- 30,000

Cash payment of account receivable------------------------ 27,120

Cash payment of prepaid insurance-------------------------- 22,000

Cash payment of account payable----------------------------- 80,700

Cash paid for salary payable--------------------------------------3,000

Unearned rent ------------------------------------------------------ 50,000

Prepaid insurance -------------------------------------------------- 22,000

Net cash flow from operating activities-----------------------------------------------202,400

Cash flows from investing activities:

Office equipment -----------------------------------------------------------------------------------------100,000

Land -----------------------------------------------------------------------------------------------------------500,000

Net cash flow from investing activity----------------------------------------------------------------600,000

Cash flows from financing activities:

Common stock -------------------------------------------------------- 1,837,620

Net cash flow from financing activities------------------------------------------------1,837,620

Net increase in cash ----------------------------------------------------------1,035,220

cash balance of November 30 2020--------------------------------------- 1,292,200