Financial Responsibility Sample Financial Statements Page 4
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4XYZ CONTRACTOR
STATEMENT OF CASH FLOWS
January through December 2015
Jan - Dec 2015
OPERATING ACTIVITIES
Net Income
$
65,950.00
Adjustments to reconcile Net Income to
to net cash provided by operations:
Increase in Accounts Receivable
$
(1,000.00)
Increase in Prepaid Expense
$
(3,000.00)
Annual Depreciation Expense
$
4,000.00
Decrease in Accounts Payable
$
(2,000.00)
Increase in Accrued Revenue
$
3,000.00
Net cash provided by Operating Activities
$
66,950.00
FINANCING ACTIVITIES
Decrease in vehicle loan payable
$
(8,000.00)
Net cash provided by Financing Activities
$
(8,000.00)
INVESTING ACTIVITIES
Annual Owner Draws
$
(50,000.00)
Net cash provided by Investing Activities
$
(50,000.00)
Net cash increase for period
$
8,950.00
Cash at Beginning of Period
$
38,000.00
Cash at End of Period
$
46,950.00
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