ROJAS CORPORATION
Statement of Cash Flows
For the Year Ended December 31, 2014
| Cash flows from operating activities | Amount in $ | Amount in $ |
| Net income. | 22212 | |
| Adjustments to reconcile net income | ||
| to net cash provided by operating activities | ||
| Depreciation expense . | 4760 | |
| Loss on sale of land . | 1660 | |
| Decrease in accounts receivable . | 2030 | |
| Decrease in accounts payable . | -18410 | |
| Net cash provided by operating activities . | -9960 | |
| 12252 | ||
| Cash flows from investing activities | ||
| Sale of land . | 4690 | |
| Cash flows from financing activities | ||
| Issuance of common stock . | 5880 | |
| Payment of dividends . | -19222 | |
| Net cash used by financing activities . | -13342 | |
| Net increase in cash . | 3600 | |
| Cash at beginning of period . | 10660 | |
| Cash at end of period . | 14260 |
