California Fruit Growers, Inc. Statement of Cash Flows For the Current Year
Income from operations $ 61,000
Add (subtract) noncash items:
Depreciation $ 11,000
Net increase in current assets other than cash (52,000)
Net decrease in current liabilities exclusive of short-term debt (19,000) (60,000)
Net cash provided by operating activities 1,000
Sale of property, plant, and equipment 115,000
Issuance of bonds payable $ 113,000
Payment of short-term debt (174,000)
Payment of long-term debt (86,000)
Payment of dividends (38,000)
Net cash used for financing activities (185,000)
Increase (decrease) in cash $(69,000)
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