$325,150

$151,00082,000" 11,4008,7500

253,15072,000

11,000

(54,000) (17,000)

(60,000)

(2,000) (7,000) 6,000

ANDREWS INC. I

Statement of Cash Flowsi

For the Year Ended December 31, 2012

Cash flows from operating activities Cash received from cutstom... Cash pali to ii.

Cash paid for operating expenses Cash paid for interest

Cash paid for incom...

Net cash provided by oper ating acti

Cash flows from investing activities Sale of equipment

[$30,000-($30,000 X.7) +902.0. Purchase of equipment

[$154,000-(5130,000-5000)] Purchase of av ailable-forale invetr...

Net cash used by investing activite... Cash flows from financing activities Principal payment on short-
termo.... Principal payment on long-termoan..

Net cash used by financing activi..... Net decreasein cas

Cash, January 1, 2012 Cash, December 31 200..

-(15,000) (3,000) 9,000

6.000
(b)

OCHOA INC.

Balance Sheet December 31. 2012

Assets

$ 32,750

Equities

$ 15,000

Cash

Current assets

other than cash Investments Plant assets (net Landi

Current liabillities Long-term notes payablei

Bonds payable Common stock Retained earnings

29,0009,12554,000

73,500" 5198,375

25,50027,50085,000

45,3755198.375

20,000-($12,875-$2,000) $40,000 + $11,000 + $22,500$25,000-$20,000 + $22,500$24,500 + $30,250-$

9,375
(a)

$30,250

$13,5002,000)

11,50041.750

(11,00012.875

1,875

(9,375) (20,000) 10,000

(19,375) 24,250

8,500$2.750

OCHOA INC.

Statement of Cash Flows

For the Year Ended December 31, 2012

Cash flows from oper ating activitiesi Adjustments to reconcile net income to net

cash provided by operating activities: Depreciation expe...

Gain on sale of investment

Net cash provided by operating actvite.... Cash flows from investing activities Sale of a

Sale of available-for-sale ine.t.....

Net cash provided by investing activi.. Cash flows from financing activities Paymentofldiv.di..

Retirement of bonds paya... lssuance of capital st

Net cash used by financing ctctivi... Net increase in o.

sh. uudse9ss Cash, December 31.2

Noncash investing and financing activitiesi Issuance of bonds for land..

$22,500
aSales

Increase in accounts receivalb Cash received from custom.....

$338,150 a(13,000) $325.150$175,000(4,000) (20,000) $151,000$120,0001,000

Cost of goods oo

Increase in accoun t pa. -Decrease in inventories Cash paid to supill COperating expense

ncrease in prepaid r... -Depreciation expense

$35,000-[$25,000-($30,000 X 7)…Amortization of copyrigh.

Increase in salaries and wages pay able Cash paid for operating expenses... dincome tax expene

Decrease in income taxes pay abe Cash paid for income ta.

(31,000)

(4,000) 6(4.000292.0006,750 S

2,0008.750