Statement Of Cash Flows

ELLWOOD HOUSE, INC. Statement of Cash Flows For Year Ended December 31st, 2007 Operating Activities Net Income $42,000 Gain on Sale of Investment ($500) Depreciation Expense $13,550 $13,050 Net Cash Flow from Operating Activities $55,050 Investing Activities Sale on Investment $15,500 Purchase of Land ($5,500) Net Cash Flow from Investing Activities $10,000 Financing Activities Dividends ($19,000) Issuance of Capital Stock $20,000 Bonds Payable Retired at Par ($10,000) Net Cash Flow from Financing Activities ($9,000) Noncash Investing & Financing Activities Purchase of Equipment for $32,000 in Exchange for $32,000 of Bonds Net Increase in Cash $56,050 Cash, January 1, 2007 $10,000 Cash, December 31, 2007 $66,050

Statement Of Cash Flows

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Statement Of Cash Flows Document Transcript