MANESS CORPORATION STATEMENT OF CASH FLOWS (USING INDIRECT METHOD) FOR THE YEAR ENDED 31 DECEMBER, 2018 Particulars Amount $ Cash flow from operating activities Net Income 178 Adjustments to reconcile net income to net cash provided by operating activities Adjustment for non cash effects Depreciation expense 200 Change in operating assets & liabilities Increase in Accounts receivable -25 Increase in Inventory -75 Decrease in accounts payable -50 Net cash flow from operating activities (a) 228 Cash Flow from Investing activities New fixed assets purchased -325 Net cash Flow from Investing activities (b) -325 Cash Flow from Financing activities Cash dividends paid -78 Short term notes issued 150 Net cash Flow from Financing activities (c) 72 Net Change in cash c=a+b+c -25 Beginning cash balance 150 Closing cash balance 125

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