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Wheelhorse product Inc.
ash flow statement ( Indirect Method)
Net Income 18475 Cash flow form operating activity Adjustment Depriciation and amortisation 2410 Decrease in accounts receivable 1630 Increase in accounts Payable 3575 Increase in prepaid insurance 330 Gain on sale of land -5460 Net Cash low provided by operating activity 2485 Cash flow form investingactivity Land sold 20,000 Building purchase -15,600 Net Cash low provided by Investing activity 4400 Cash flow form operating activity Devidend declared and paid -11,500 Net Cash low provided by Financing activity -11500 Net increase in Cash 13860 Opeaning cash balance 10820 Closing cash balance 24,680
