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01: Using the statements of cash flows for JAJ Enterprises: a. prepare a summary analysis of the statement of cash flows, b. analyze cash flow from operating activities, and c. analyze the cash inflows and cash outows. 1A] Enterprises Statement of Cash Flows F D 2 1 20 (in thousands) 2015 2014 Cash ows from operating activities (CFO): Net income $8, 100 $6,800 Adjustments to reconcile net income to CFO: Depreciation and amortization 3,100 1,600 Deferred income taxes 900 700 Other non-cash items [600} (1'00) (increase) decrease in operating assets and liabilities: Accounts receivable (1800) (2,300} Inventories (2,100} 1,700 Other current assets [900] 2,000 Accounts payable (1,300) 4,100 Income taxes payable 400 (800] Accrued liabilities m E Net CFO m 13,300 Cash flows from investing activities: Purchases of property and equipment [800} (1,200} Net cash used by investing activities 00 1,200} Cash fiows from nancing activities: Proceeds from common stock sales 4, 700 4,600 Proceeds {repayments} of short-term debt 100 (1,100} Repayment of long-term debt 12,091 13,300} Net cash provided by financing activities m 2131 Net increase in cash 5,300 12,300 Beginning cash balance 30,600 1?,300 Ending cash balance m m