P16-34A Requirement 1
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| ROLLING HILLS, INC. | ||
| Statement of Cash Flows | ||
| Year Ended December 31, 2015 | ||
| Cash Flows from Operating Activities: | ||
| Net Income | $ 97,800 | |
| Adjustments to Reconcile Net Income to Net Cash
Provided by Operating Activities: |
||
| Depreciation Expense—Plant Assets | ||
| Increase in Accounts Receivable | ||
| Decrease in Merchandise Inventory | ||
| Increase in Accounts Payable | ||
| Decrease in Accrued Liabilities | ||
| Net Cash Provided by Operating Activities | ||
| Cash Flows from Investing Activities: | ||
| Acquisition of Equipment for Cash | ||
| Net Cash Used for Investing Activities | ||
| Cash Flows from Financing Activities: | ||
| Cash Receipt from Issuance of Common Stock | ||
| Cash Payment of Notes Payable | ||
| Cash Payment of Dividends | ||
| Net Cash Used for Financing Activities | ||
| Net Increase (Decrease) in Cash | ||
| Cash Balance, December 31, 2014 | ||
| Cash Balance, December 31, 2015 | ||
| Non-cash Investing and Financing Activities: | ||
| Acquisition of Land by issuing Long-term Notes Payable | ||
| Total Non-cash Investing and Financing Activities | ||
