Chapter 12 E12-5, P12-3A

E12-5)

Sanford Inc.
Statement of Cash Flows
Year Ended December 31, 2014
Net Income
Adjustments to Operating Accounts
Depreciation Expense
Accounts Receivable
Inventory
Prepaid Expenses
Accrued Expenses Payable
Accounts Payable
Net Cash Provided By Operating Activities

P12-3A)

$27,000
9,000
4,000
(5,000)
10,000
(7,000)

Paxson Company
Statement of Cash Flows
Year Ended November 30, 2014
Net Income
Adjustments to Operating Accounts
Depreciation Expense
$
Inventory
Accounts Receivable
Prepaid Expenses
Accounts Payable
Accrued Expenses Payable
Net Cash Provided by Operating Activities

$ 1,750,000
110,000
300,000
380,000
(150,000)
(350,000)
(100,000)

190,000
$ 1,940,000

Chapter 12 E12-5, P12-3A

$ 153,000

38,000
$ 191,000