Navaria Inc.

Cash Flow Worksheet, 20Y3

20Y2 Dr. Cr. 20Y3
Assets:
Cash 150,000 155,000
Accounts receivable (net) 400,000 50,000 450,000
Inventories 750,000 20,000 770,000
Investments 100,000 -
Land - 500,000 500,000
Equipment 1,200,000 200,000 1,400,000
Accumulated Depreciation (500,000) 100,000 (600,000)
Total Assets 2,100,000 2,675,000

Liabilities:
Accounts payable 300,000 40,000 340,000
Accrued Expenses Payable 50,000 5,000 45,000
Dividends Payable 25,000 85,000 90,000 30,000
Total Liabilities 375,000 415,000

Stockholder's Equity:
Common Stock ($2 par) 600,000 100,000 700,000
Paid in capital in excess of par 175,000 25,000 200,000
Retained earnings 950,000 90,000 500,000 1,360,000
Total Stockholder's Equtiy 1,725,000 2,260,000

Total Liabilities & Stkhldr. Eq. 2,100,000 2,675,000

Cash Flows:
From Operating Activities:
Net Income 500,000
Add Depreciation Expense 100,000
Less increase in A/R 50,000
Less increaase in Inventory 20,000
Add increase in A/P 40,000
Less decrease in Acc. Exp. Pay. 5,000
Remove gain on sale of Investments 75,000
Net cash inflow from O/A 490,000
From Investing Activities:
Sold Investments for Cash 175,000
Purchase Land 500,000
Purchase Equipment 200,000
Net cash outflow from I/A (525,000)

From Financing Activities:

Issued Stock for Cash 125,000
Paid Cash Dividends 85,000
Net cash inflow from F/A 40,000
Net increase in Cash for the year 5,000
Add beginning Cash 150,000

Ending Cash 155,000