JULIET FASHIONS INC.

Statement of Cash Flows

For the Year Ended December 31, 1990
Cash Flows from Operating Activities:
Net Income 200
Adjustments to Reconcile Net Income to Net Cash Provided by
Operating Activities:
Increases:
Decrease in Merchandise Inventory 540
Increase in Accounts Payable 200
Increase in Accrued Liabilities 64
Depreciation Expense: Building 64
Depreciation Expense: Machinery 40
Increase in Allowance for Uncollectibles 40 948
Decreases:
Increase in Accounts Receivable 160
Increase in Prepaid Expense 160 320
Net Cash Used in Operating Activities 828

Cash Flows from Investing Activities:

Increase: Proceeds from Sale of Building 112
Decrease: Payment for Purchase of Land 400
Decrease: Payment for Purchase of Building 160
-
Net Cash Used in Investing Activities 448

Net Decrease in Cash and Cash Equivalents 380

Cash and Cash Equivalents at Beginning of Year 80
Cash and Cash Equivalents at End of Year 460

Supplemental Schedule of Noncash Investing and Financing Activities:

The company acquired a machinery in exchange for preffered stock
valued at 640

JULIET FASHIONS INC.

Statement of Cash Flows
For the Year Ended December 31, 1990
Cash Flows from Operating Activities:
Net Income 200
Adjustments to Reconcile Net Income to Net Cash Provided by
Operating Activities:
 Cash Received from Costumers
Cash paid for Suppliers
Cash paid for Selling Expenses
Cash paid for Administrative Expenses

Net Cash Used in Operating Activities 200

Cash Flows from Investing Activities:

Increase: Proceeds from Sale of Building 112
Decrease: Payment for Purchase of Land 400
Decrease: Payment for Purchase of Building 160
-
Net Cash Used in Investing Activities 448

-
Net Decrease in Cash and Cash Equivalents 248
Cash and Cash Equivalents at Beginning of Year 80
-
Cash and Cash Equivalents at End of Year 168

Supplemental Schedule of Noncash Investing and Financing

Activities:
The company acquired a machinery in exchange for preffered stock
valued at 640