Presented below are the 2018 income statement and comparative balance sheets for

Question

Presented below are the 2018 income statement and comparative balance sheets for Santana Industries SANTANA INDUSTRIES Income Statement For the Year Ended December 31, 2018 ($ in thousands) 1nndeoser22- $16,650 5,800 Sales revenue Service revenue Total revenue $22,450 Operating expenses 8,400 3,600 Cost of goods sold Selling General and administrative 2,700 14,700 7,750 320 7,430 3,700 3,730 Total operating expenses Operating income Interest expense Income before income taxes Income tax expense Net income

Explanation / Answer

Statement of Cash Flow Particulars Amount Total Amount Income                  3,730.00 Depreciation                  2,800.00 Increase in AR                (1,500.00) Increase in inventory                (2,200.00) Decrease in prepaid rent                      270.00 Increase in AP                  1,500.00 Increase in interest payable                      220.00 Decrease in income tax payable                   (370.00) Increase in deferred service revenue                      320.00 Cash flow from operating activities                4,770.00 Cash flow from Investing activities Sale of Equipment                  1,700.00 Purchase of equipment                (6,400.00) Cash flow from Investing activities             (4,700.00) Cash flow from Financing activities Raising of loan                  7,400.00 Dividends Paid                (2,200.00) Cash flow from Financing activities                5,200.00 net change in cash and cash equivalents                5,270.00 Opening cash and cash equivalents                3,280.00 Closing cash and cash equivalents                8,550.00

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