I CAN MAKE IT CORPORATION

cash flows from operating activities

Net income 141,000
increase in accounts receivable -20,000
decrease in accounts payable -26,000
decrease in merchandise inventory 15,000
decrease in notes payable -15,000
increase in taxes payable 14,000

net cash provided by operating activities 109,000

cash flows from investing activities

purchase of land 100,000
purchase of store equipment 50,000

cash flows from financing activities:

dividends paid -57,000
proceeds from issuance of share capital 570,000
net cash provided in financing activities 513,000

net increase in cash 622,000

cash at the beginning of the year 42,000