Sandy Company

Statement of Cash Flows

For the Year Ended December 31, 2017

Cash flows from operating activities:

Net Income ₱ 500,000.00
Increase in Accounts Receivable (160,000.00)
Increase in Inventory (230,000.00)
Decrease in Prepaid Expenses 10,000.00
Depreciation 260,000.00
Gain on sale of Equipment (60,000.00)
Increase in Accounts Payable 55,000.00
Increase in Salaries Payable 30,000.00
Increase in Income Tax Payable 20,000.00
Increase in Accrued Interest Payable 5,000.00
Net Cash Provided by Operating Activities ₱ 430,000.00

Cash flows from investing activities:

Purchase of Equipment ₱ (870,000.00)
Sale of Equipment 110,000.00
Net Cash Provided by Investing Activities (760,000.00)

Cash flows from financing activities:

Proceeds from Bond issuance ₱ 600,000.00
Purchase of treasury shares (140,000.00)
Payment of cash dividends (160,000.00)
Net Cash Provided by Financing Activities 300,000.00

Decrease in cash and cash equivalent ₱ (30,000.00)

Cash and cash equivalent - January 1, 2017 150,000.00
Cash and cash equivalent - December 31, 2017 ₱ 120,000.00
Sandy Company
Statement of Cash Flows
For the Year Ended December 31, 2017

Cash flows from operating activities:

Cash received from customers ₱ 4,270,000.00
Cash payment to merchandise creditors (2,575,000.00)
Salaries paid (610,000.00)
Insurance paid (90,000.00)
Rent paid (350,000.00)
Taxes paid (180,000.00)
Interest paid (35,000.00)
Net Cash Provided by Operating Activities ₱ 430,000.00

Cash flows from investing activities:

Purchase of Equipment ₱ (870,000.00)
Sale of Equipment 110,000.00
Net Cash Provided by Investing Activities ₱ (760,000.00)

Cash flows from financing activities:

Proceeds from Bond issuance ₱ 600,000.00
Purchase of treasury shares (140,000.00)
Payment of cash dividends (160,000.00)
Net Cash Provided by Financing Activities 300,000.00

Decrease in cash and cash equivalent ₱ (30,000.00)

Cash and cash equivalent - January 1, 2017 150,000.00
Cash and cash equivalent - December 31, 2017 ₱ 120,000.00