In 2013, the management committee of Austin Industries Inc. would like to invest $75,000 in property, plant, and equipment. The board of directors would like to approve the decision, but first they must find out how much cash will be generated by the operations in 2013. The members of the board also have the options of raising more funds from the shareholders and increasing their long-term borrowings. From the information shown on Austin Industries Inc.€™s 2013 projected statement of financial position, identify the cash inflows and the cash outflows for the year 2013.

In 2013, management of Austin Industries Inc. expects to generate $38,000 in profit. The board of directors will pay $10,000 in dividends to the shareholders.

Prepare the following statements:
1. The adjustments in non-cash working capital accounts statement for 2013
2. The adjustments in non-cash working capital accounts statement for2013

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Austin Industries Inc. Staterments of Financial Position As at December 31 (in $000s) 2013 2012 Non-current assets 150 Property, plant, and equipment Accumulated depreciation/amortization Total non-current assets 75 109 49 Current assets 75 30 53 Inventories Trade receivables Term deposits 112 Total current assets Total assets Equity 101 221 150 Share capital Retained earnings 64 95 159 38 67 105 Total equity on-current liabilities Long-term borrowings Current liabilities Trade and other payables Notes payable Other current liabilities 18 15 15 15 36 62 37 Total current liabilities Total liabilities Total equity and liabilities 45