Mayaman Corporation

Statement of Cash Flow

BALANCE SHEET INCOME STATEMENT

2023 2022 Sales ₱ 400,000.00
Cash ₱ 8,000.00 ₱ 28,000.00 Cost of Sales -₱ 246,000.00
Accounts Receivable ₱ 50,000.00 ₱ 65,000.00 Depreciation Expense -₱ 30,000.00
Prepaid Insurance ₱ 10,000.00 ₱ 14,000.00 Insurance Expense -₱ 22,000.00
Inventory ₱ 74,000.00 ₱ 68,000.00 Salaries Expense -₱ 100,000.00
Fixed Asset ₱ 632,000.00 ₱ 540,000.00 Net Income ₱ 2,000.00
Accumulated Depreciation -₱ 90,000.00 -₱ 60,000.00
Total Assets ₱ 684,000.00 ₱ 655,000.00
OTHER INFORMATION
Accounts Payable ₱ 36,000.00 ₱ 32,000.00 1. All sales and purchases are on account.
Salaries Payable ₱ 8,000.00 ₱ 14,000.00 2. During 2023, Mayaman Corp. declared
Loans Payable ₱ 346,000.00 ₱ 320,000.00 and paid dividends of P5,000.00
Share Capital ₱ 176,000.00 ₱ 168,000.00 3. Mayaman Corp. paid P92,000.00 in cash
Retained Earnings ₱ 118,000.00 ₱ 121,000.00 to buy an equipment.
Total Liability and Equity ₱ 684,000.00 ₱ 655,000.00
 CASH FLOW STATEMENT SCHEDULE 1 COMPUTATION
From Operating Activities 1. A/R and Sales
Cash received from customers ₱ 415,000.00 A/R, Beginning
Cash paid for inventory -₱ 248,000.00 Add: Sales on-account this year
Cash paid for insurance -₱ 18,000.00 Less: Collection from customer
Cash paid for salaries -₱ 106,000.00 A/R, Ending
Cash flow from operating activities ₱ 43,000.00
2. A/P and Inventory Purchases
From Investing Activities Inventory, Beginning
Cash paid for equipment -₱ 92,000.00 Add: Purchases
Less: Cost of Sales
From Financing Activities Inventory, Ending
Cash divident payments -₱ 5,000.00
Proceeds from loans ₱ 26,000.00 A/P, Beginning
Proceeds from share issuance ₱ 8,000.00 Add: Purchases on-account this year
Cash flow from financing activities ₱ 29,000.00 Less: Cash purchases
Net Cash Flow -₱ 20,000.00 A/P, Ending
Beginning Cash Balance (2022) ₱ 28,000.00
Ending Cash Balance (2023) ₱ 8,000.00
MPUTATION SCHEDULE 1 COMPUTATION
3. Prepaid Insurance and Insurance Expense
₱ 65,000.00 Prepaid Insurance, Beginning ₱ 14,000.00
₱ 400,000.00 Add: Cash paid for insurance ₱ 18,000.00
-₱ 415,000.00 Less: Insurance expense for this year -₱ 22,000.00
₱ 50,000.00 Prepaid Insurance, Ending ₱ 10,000.00

4. Salaries Payable and Salaries Expense

₱ 68,000.00 Salaries Payable, Beginning ₱ 14,000.00
₱ 252,000.00 Add: Salaries expense ₱ 100,000.00
-₱ 246,000.00 Less: Payment for salaries -₱ 106,000.00
₱ 74,000.00 Salaries Payable, Ending ₱ 8,000.00

₱ 32,000.00
₱ 252,000.00
-₱ 248,000.00
₱ 36,000.00
Mayaman Corporation
Statement of Cash Flow

BALANCE SHEET INCOME STATEMENT

2023 2022 Sales
Cash ₱ 8,000.00 ₱ 28,000.00 Cost of Sales
Accounts Receivable ₱ 50,000.00 ₱ 65,000.00 Depreciation Expense
Prepaid Insurance ₱ 10,000.00 ₱ 14,000.00 Insurance Expense
Inventory ₱ 74,000.00 ₱ 68,000.00 Salaries Expense
Fixed Asset ₱ 632,000.00 ₱ 540,000.00 Net Income
Accumulated Depreciation -₱ 90,000.00 -₱ 60,000.00
Total Assets ₱ 684,000.00 ₱ 655,000.00
OTHER INFORMATION
Accounts Payable ₱ 36,000.00 ₱ 32,000.00 1. All sales and purchases are on acc
Salaries Payable ₱ 8,000.00 ₱ 14,000.00 2. During 2023, Mayaman Corp. decla
Loans Payable ₱ 346,000.00 ₱ 320,000.00 and paid dividends of P5,000.00
Share Capital ₱ 176,000.00 ₱ 168,000.00 3. Mayaman Corp. paid P92,000.00 in
Retained Earnings ₱ 118,000.00 ₱ 121,000.00 to buy an equipment.
Total Liability and Equity ₱ 684,000.00 ₱ 655,000.00

CASH FLOW STATEMENT

From Operating Activities
Net Income
Add: Non-cash expenses (depreciation, depletion)
Change in Current Assets (inverse)
Increase in CA deduct
Decrease in CA add
Change in Current Liabilities (direct)
Increase in CL add
Decrease in CL deduct
Cash flow from operating activities
 INCOME STATEMENT CASH FLOW STATEMENT
₱ 400,000.00 From Operating Activities
-₱ 246,000.00 Net Income ₱ 2,000.00
ciation Expense -₱ 30,000.00 Add back: Depreciation Expense ₱ 30,000.00
nce Expense -₱ 22,000.00 Decrease in A/R ₱ 15,000.00
-₱ 100,000.00 Decrease in Prepaid Insurance ₱ 4,000.00
₱ 2,000.00 Increase in Inventory -₱ 6,000.00
Increase in Accounts Payable ₱ 4,000.00
Decrease in Salaries Payable -₱ 6,000.00
OTHER INFORMATION Cash flow from operating activities ₱ 43,000.00
sales and purchases are on account.
ng 2023, Mayaman Corp. declared From Investing Activities
aid dividends of P5,000.00 Cash paid for equipment
yaman Corp. paid P92,000.00 in cash
an equipment. From Financing Activities
Cash divident payments
Proceeds from loans
Proceeds from share issuance
Cash flow from financing activities
Net Cash Flow
Beginning Cash Balance (2022)
Ending Cash Balance (2023)
Mayaman Corporation
Statement of Cash Flow

BALANCE SHEET INCOME STATEMENT

2023 2022 Sales ₱ 400,000.00
Cash ₱ 8,000.00 ₱ 28,000.00 Cost of Sales -₱ 246,000.00
Accounts Receivable ₱ 50,000.00 ₱ 65,000.00 Depreciation Expense -₱ 30,000.00
Prepaid Insurance ₱ 10,000.00 ₱ 14,000.00 Insurance Expense -₱ 22,000.00
Inventory ₱ 74,000.00 ₱ 68,000.00 Salaries Expense -₱ 100,000.00
Fixed Asset ₱ 632,000.00 ₱ 540,000.00 Net Income ₱ 2,000.00
Accumulated Depreciation -₱ 90,000.00 -₱ 60,000.00
Total Assets ₱ 684,000.00 ₱ 655,000.00
OTHER INFORMATION
Accounts Payable ₱ 36,000.00 ₱ 32,000.00 1. All sales and purchases are on account.
Salaries Payable ₱ 8,000.00 ₱ 14,000.00 2. During 2023, Mayaman Corp. declared
Loans Payable ₱ 346,000.00 ₱ 320,000.00 and paid dividends of P5,000.00
Share Capital ₱ 176,000.00 ₱ 168,000.00 3. Mayaman Corp. paid P92,000.00 in cash
Retained Earnings ₱ 118,000.00 ₱ 121,000.00 to buy an equipment.
Total Liability and Equity ₱ 684,000.00 ₱ 655,000.00
 CASH FLOW STATEMENT SCHEDULE 1 COMPUTATION
From Operating Activities 1. A/R and Sales
Cash received from customers ₱ 415,000.00 A/R, Beginning
Cash paid for inventory -₱ 248,000.00 Add: Sales on-account this year
Cash paid for insurance -₱ 18,000.00 Less: Collection from customer
Cash paid for salaries -₱ 106,000.00 A/R, Ending
Cash flow from operating activities ₱ 43,000.00
2. A/P and Inventory Purchases
From Investing Activities Inventory, Beginning
Cash paid for equipment ₱ 92,000.00 Add: Purchases
Less: Cost of Sales
From Financing Activities Inventory, Ending
Cash divident payments -₱ 5,000.00
Proceeds from loans ₱ 26,000.00 A/P, Beginning
Proceeds from share issuance ₱ 8,000.00 Add: Purchases on-account this year
Cash flow from financing activities ₱ 29,000.00 Less: Cash purchases
Net Cash Flow -₱ 20,000.00 A/P, Ending
Beginning Cash Balance (2022) ₱ 28,000.00
Ending Cash Balance (2023) ₱ 8,000.00
MPUTATION SCHEDULE 1 COMPUTATION
3. Prepaid Insurance and Insurance Expense
₱ 65,000.00 Prepaid Insurance, Beginning ₱ 14,000.00
₱ 400,000.00 Add: Cash paid for insurance ₱ 18,000.00
-₱ 415,000.00 Less: Insurance expense for this year -₱ 22,000.00
₱ 50,000.00 Prepaid Insurance, Ending ₱ 10,000.00

4. Salaries Payable and Salaries Expense

₱ 68,000.00 Salaries Payable, Beginning ₱ 14,000.00
₱ 252,000.00 Add: Salaries expense ₱ 100,000.00
-₱ 246,000.00 Less: Payment for salaries -₱ 106,000.00
₱ 74,000.00 Salaries Payable, Ending ₱ 8,000.00

₱ 32,000.00
₱ 252,000.00
-₱ 248,000.00
₱ 36,000.00
Mayaman Corporation
Statement of Cash Flow

BALANCE SHEET
2023 2022
Cash ₱ 8,000.00 ₱ 28,000.00
Accounts Receivable ₱ 50,000.00 ₱ 65,000.00 -₱ 15,000.00
Prepaid Insurance ₱ 10,000.00 ₱ 14,000.00 -₱ 4,000.00
Inventory ₱ 74,000.00 ₱ 68,000.00 ₱ 6,000.00
Fixed Asset ₱ 632,000.00 ₱ 540,000.00
Accumulated Depreciation -₱ 90,000.00 -₱ 60,000.00
Total Assets ₱ 684,000.00 ₱ 655,000.00

Accounts Payable ₱ 36,000.00 ₱ 32,000.00 ₱ 4,000.00

Salaries Payable ₱ 8,000.00 ₱ 14,000.00 -₱ 6,000.00
Loans Payable ₱ 346,000.00 ₱ 320,000.00
Share Capital ₱ 176,000.00 ₱ 168,000.00
Retained Earnings ₱ 118,000.00 ₱ 121,000.00
Total Liability and Equity ₱ 684,000.00 ₱ 655,000.00

CASH FLOW STATEMENT

From Operating Activities
Net Income
Add: Non-cash expenses (depreciation, depletion)
Change in Current Assets (inverse)
Increase in CA deduct
Decrease in CA add
Change in Current Liabilities (direct)
Increase in CL add
Decrease in CL deduct
Cash flow from operating activities
 INCOME STATEMENT CASH FLOW STATEMENT
Sales ₱ 400,000.00 From Operating Activities
Cost of Sales -₱ 246,000.00 Net Income ₱ 2,000.00
Depreciation Expense -₱ 30,000.00 Add back: Depreciation Expense ₱ 30,000.00
Insurance Expense -₱ 22,000.00 Decrease in A/R ₱ 15,000.00
Salaries Expense -₱ 100,000.00 Decrease in Prepaid Insurance ₱ 4,000.00
Net Income ₱ 2,000.00 Increase in Inventory -₱ 6,000.00
Increase in Accounts Payable ₱ 4,000.00
Decrease in Salaries Payable -₱ 6,000.00
OTHER INFORMATION Cash flow from operating activities ₱ 43,000.00
1. All sales and purchases are on account.
2. During 2023, Mayaman Corp. declared From Investing Activities
and paid dividends of P5,000.00 Cash paid for equipment ₱ 92,000.00
3. Mayaman Corp. paid P92,000.00 in cash
to buy an equipment. From Financing Activities
Cash divident payments -₱ 5,000.00
Proceeds from loans ₱ 26,000.00
Proceeds from share issuance ₱ 8,000.00
Cash flow from financing activities ₱ 29,000.00
Net Cash Flow -₱ 20,000.00
Beginning Cash Balance (2022) ₱ 28,000.00
Ending Cash Balance (2023) ₱ 8,000.00