Use this Statement of Cash Flows to Complete the Cash Flow Summary Table. You
can use the template below (5 MARKS)
Candy Corporation Statement of Cash Flows for the years ended
December 31, 2019 and 2018
Net income
2019
$1,200
2018
-$1,500
Adjustments to reconcile net income to net cash
Provided by (used for) operating activities:
Depreciation
$550
$660
Changes in assets and liabilities:
Accounts receivable
-$1,500
$2,100
Inventory
-$220
-$20
Accounts Payable
$1,300
-$2,500
Accrued expenses
-$20
-$330
Net cash provided by (used for) operating
Activities
$1,310
-$1,590
Cash flows from investing activities:
Additions to property, plant & equipment
-$440
-$300
Cash flows from financing activities:
Proceeds from long-term debt
$500
$700
Repayments of long-term debt
-$400
-$45
Payment of cash dividends
-$25
-$655
Net cash provided by financing activities
$75
$655
Net increase (decrease) in cash
$945
-$1,235
Cash at beginning of period
$1,195
$2,430
Cash at end of period
$2,140
$1,195