Financial Statements Analysis and Cash Flow Comparison

School: Concordia University - Course: ACCOUNTING CORE1 - Subject: Accounting

Systems Unlimited Inc. income statement for 2020 ParticularsAm sales cost of goods sold net sales Operating expenses Depriciation exp other expense Total of Operating expense Income before taxes Income tax expenses Net income Cash flow statement for systems unlim For year ended 2020 Net income Depreciation expense5000 loss on sale of equipment50000 increase in accounts receivalble -440000 increase in inventory -164000 increase in accounts payble18000 increase in income tax payble 12000 net cash used in operating activities cash flow from investing activities proceeds from sale of equipment150000 net cash flow from investing activities cash flow from financing activities cash received from bank loan 120000 cash dividends paid -76000 net cash flows from financing activities net decrease in cash

beginning cash balance ending cash balance