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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

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Statement Of Cash Flows

  • 1. 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