Lozano Company

Statement of Cash Flows

For the year ended December 31, 2023

Cash flow from operating activities

Net income after tax 997,500
Add: Non-cash expenses (Depreciation) 536,250
Less: Increase in Current Assets excluding cash - 155,000
Add: Increase in Current Liabilities 90,000
Net cash from operating activities 1,468,750

Cash flow from investing activities

Purchased a piece of land - 1,600,000
Purchased equipment - 800,000
Net cash from investing activities - 2,400,000

Cash flow from financing activities

Proceeds from issuance of shares at par 800,000
Proceeds from issuance of bonds payable 500,000
Payment for notes payable - 200,000
Payment for dividends - 100,000
Net cash from financing activities 1,000,000

Net cash flows 68,750

Add: Beginning cash and cash equivalents 100,000
Ending cash and cash equivalents 168,750