Question

Granite Rock Inc. Comparative Bence Sheet December 31, 2018 and 2017 Merchandise Longtems Stockholm More A Grant Rochedondoo by manang SO by 100 g 2016 the condi t ion . The waspoed off was for 4 Regements 2. How will you leamed in this probleme you even 2013 Income Statement Year Ended December Net Sales Revenue Cost of Good Sod -Pants Derection E One Operating Teleting Total Other come and Expenses Nellcome before comes rompense Nome

Answer 1

Cash Flow Statement
Indirect Method
Cash flow from Operating Activities
Net Income		$      99,700.00
Adjustments
Depreciation	$     14,100.00			=22330-(18630-10400)
Change In current assets & Liabilities
Increase in Accounts Receivable	$     -1,700.00			=25200-26900
Decrease in inventories	$     12,200.00			=91600-79400
Increase in Accounts payable	$       5,400.00			=35400-30000
Decrease in Accrued Liabilities	$     -2,000.00			=28900-30900
Total Adjustments		$      28,000.00
Cash from operating activities			$   1,27,700.00
Cash flow from Investing Activities
Cash paid for Purchase of Equipment		$     -20,300.00		=116330-126230-10400
Cash used in investing activities			$     -20,300.00
Cash flow from Financing Activities
Issue of Common stock		$      24,400.00		=88600-64200
Repayment of Notes Payable		$     -56,500.00		=-(106000+26500-76000)
Dividend Paid		$     -63,400.00		=-(7500+99700-43800)
Cash from financing activities			$     -95,500.00
Net Increase in cash			$       11,900.00
Opening Balance of Cash			$       15,100.00
Closing Balance of Cash			$       27,000.00
Non Cash Investing and Financing Activities
Purchase of Land by issuing notes payable			$       26,500.00

Since the company is generating cash from operating activities alongwith net income from company. Company is using cash for investing activities and also paying dividend. This shows company is good for investment