Pearson Co.

Statement of Cash Flow

As of December 31, 2020

Cash- January 1, 2020 96,000

Net cash provided by operating activities
Cash recieved from customers 4,128,000
Loss on sale of PPE 56,000
Depreciation in acquired PPE 8,000
Merchandise Inventory (3,488,000)
Interest (36,000)
Income Taxes (68,000)
Other operating expenses (396,000) 204,000

Net cash provided by investing activities

Cash received from sale of equipment 120,000 120,000

Net cash used by financing activities

Cash paid for bonds (120,000)
Dividends paid (96,000) (216,000) 216,000

Cash - December 31, 2020 204,000