FANCY FOOTWORK COMPANY STATEMENT OF CASH FLOWS (Direct method) FOR THE YEAR ENDED _____2013 Cash received

from customers Cash paid for merchandise Cash paid for operating expenses Cash Paid for Income tax expense Cash provided by/used for operating activities Investing Activities Sold Equipment Purchase Equipment Net Cash provided by/used for Investing Activities Financing Activities Repayment of Bonds Payable Sale of Long-term Investments Common Stock Payment of Cash Dividends Net Cash provided by/used for Financing Activities Net Cash Decrease Beginning Cash Balance Ending Cash Balance 714,000 (477,000) (105,100) (48,400)

(630,500) 83,500

(16,000) (16,000) (31,000) 20,000 6,000 (32,500) (37,500) 30,000 230,000 260,000

FANCY FOOTWORK COMPANY STATEMENT OF CASH FLOWS (Indirect method) FOR THE YEAR ENDED _____2013 Net Income Add: Depreciation Decrease in Inventory Increase in Accounts Payable Less:Gain on sale of Investment Decrease in Accrued Liability Increase in Accounts Receivable Net Cash provided by Operating Activities Investing Activities Sold Equipment Purchase Equipment Net Cash provided by/used for Investing Activities Financing Activities Repayment of Bonds Payable 72,600 4,000 40,000 13,000 -7,000 -3,100 -36,000 10,900 83,500

(16,000) (16,000) (31,000)

Sale of Long-term Investments Common Stock Payment of Cash Dividends Net Cash provided by/used for Financing Activities Net Cash Decrease Beginning Cash Balance Ending Cash Balance

20,000 6,000 (32,500) (37,500) 30,000 230,000 260,000

Workings Sales Substract Increase in AR Cash received from customers Cost of Goods Sold Add: Decrease in Merchandise Inventory Add: Increase in Accounts Payable Cash paid for merchandise Operating Expenses (less Depreciation) Add decrease in Accured liabilities Cash paid for operating expenses Income tax Expense 750,000 36,000 714,000 530,000 (40,000) (13,000) 477,000 102,000 3,100 105,100 (48,400)

(48,400)

160000-135000-9000 asset purchased 25000 on that issued shares 9000 rest cash 16000

93000-80000 on this sold of gain 7000 sol selling price is 20000 cost is 13000 + 7000 gain

cash 16000

+ 7000 gain