Direct Operating Cash Flow Statement Make sure you read the pdf linked above Cash received from customers Year 1 Year 3 (THREE) Cash (paid) to suppliers [Put minus sign (-) before a number to be subtracted] Cash (paid) for salaries [Put minus sign (-) before a number to be subtracted] Cash (paid) for insurance [Put minus sign (-) before a number to be subtracted] Cash received as interest Cash (paid) for interest [Put minus sign (-) before a number to be subtracted)] Cash (paid) for taxes [Put minus sign (-) before a number to be subtracted] I I 35 Imputs ag Year 1 Year 2 Year S 34 Income statement 35 36 435.09 37 Salary expense 254. 60 38 39 40 $4.83 41 Interest expo854 16.52 35.60 4.5.41 42 75x FM4 35.00% 35.00% 43 Indirect OCF Adjustments 44 |Adjustment due to depreciation expense 45 |Adjustment to reconcile NI to OCF due to 46 (increase] decrease in receivables: 4 47 increase ( decrease) in deferred revenue: { 48 (increase) decrease in inventories: 4 43.35 43 increase ( decrease ) in accounts payable 50 increase ( decrease ] in accrued salaries: { 51 52 increase / decrease ] in taxes pounded 53 Income statement Year 1 Year 2 Year 3 54 Sales 3000.00 3500.00 4035.00 55 COGS 435.00 702.00 639.00 56 : Gross profit 2565.00 2598.00 3536.00 Salary expense 600.00 894.00 2136.00 58 Insurance expense 771.00 867.00 972.00 53 EEBITOA 194.00 837.00 288.00 60 Depreciation expense 402.00 30.0 267.00 61 EOperating income 792.00 507.0 21.00 62 Interest income 13.23 34.83 59.01 63 |Interest expense 16.92 39.60 49.41 64 BRET 3060 65 Tax expense 75.93 175.78 10.71 66 E Net income 512.44 326.45 13.83 67 Indirect cash-flow statement fear 1 Year 2 Year 3 68 |Net income 512.44 326.4! 19.83 69 Adjustment due to depreciation expense 102.00 350.00 267.00 Adjustment to reconcile NI to OCF due to [increase) decrease in receivables: A -288.00 82.50 106.50 ncrease ( decrease) in deferred revenue: L 81.00 13.50 28.51 increase) decrease in inventories: A -73.50 -42.00 43.50 increase [decrease] in accounts payable: L 67.50 28.50 -27.00 increase ( decrease) in accrued salaries: L 100.50 51.00 63.00 [increase) decrease in prepaid insurance: A 57.00 -28.50 31.50 increase (decrease) in taxes payable: L 5.25 -3.00 2.70 78 E Operating cash flow 750.19 593.45 109.53 Direct Operating CFS Year 1 Year 2 fear 3 80 3000.00 3300.00 4035.00 82 -288.00 82.50 106.50 83 81.00 13.50 28.50 Page 2793.00 3231.00 4170.00 102.00 -653.00 Page 4 73.50 -42.00 43.50 -508.50 -744.00 -595.50 67.50 28.50 -27.00 441.00 -715.50 -622.50 -600.00 -834.00 -2136.00 100.50 51.00 -63.00 439.50 843.00 2193.00 -771.00 -867.00 -372.00 -57.00 -28.50 31.50 828.00 -895.50 940.50 13.23 34.8: 59.01 101 16.32 .39.60 49.41 102 275.93 -175.18 -10.71 103 104 5.25 -3.00 2.70 105 270.68 -178.78 -8.01