Baffled Incorporated December 31, 2014 and 2015 Balance Sheets

Baffled Incorporated December 31, 2014 and 2015 Balance Sheets are as follows:

2014 2015

Cash 200,000 120,000

Accounts Receivable 90,000 100,000

Interest Receivable 300,000 183,000

Inventory 558,000 591,000

Prepaid Insurance 183,000 81,000

TOTAL CURRENT ASSETS $1,331,000 $1,075,000

Land 420,000 500,000

Equipment 1,940,000 1,810,000

Accumulated Depreciation (691,000) (705,000)

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TOTAL ASSETS $ 3,000,000 2,680,000

Accounts Payable 444,000 200,000

Salaries Payable 156,000 195,000

Taxes Payable 282,000 177,000

Advance from Customer 226,000 162,000

TOTAL CURRENT LIABILITIES $1,108,000 $734,000

Loan Payable 90,000 280,000

Bonds Payable 324,000 264,000

Note Payable 173,000 128,000

Common Stock 390,000 500,000

Treasury Stock (33,000) (46,000)

$4.25 Preferred Stock 178,000 200,000

Retained Earnings 770,000 620,000

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TOTAL LIABILITIES and OE $ 3,000,000 $ 2,680,000

Additional Information:

1. Baffled paid commonstock dividends of $ 153,000 on December 31, 2015.

2. Baffled paid the Preferred Stock dividends on December 31, 2015

3. As of Dec 31, 2015 Baffled had 70000 shares of common stock outstanding,

12000 shares of $4.25 preferred stock, and 6000 shares of treasury stock.

4. During 2015, Baffled sold equipment originally costing $240,000 for $125,000 cash and recorded a loss of $60,000. They did not sell any land during the year.

1) What was Baffled’s total CASHFLOW for 2015 ?

Statement of Cash Flow for 2015
Cash Flow from Operating Activities:
Net Income		54,000
Add Depreciation	69,000
Add Loss on Sale of Equipment	60,000
Increase in Accounts Receivable	(10,000)
Decrease in Interest Receivable	117,000
Increase in Inventory	(33,000)
Decrease in Prepaid Insurance	102,000
Decrease in Accounts Payable	(244,000)
Decrease in Advance from Customers	(64,000)
Increase in Salaries Payable	39,000
Decrease in Taxes payable	(105,000)	(69,000)
Net Cash From /(Used by) Operating Activities		(15,000)
Cash Flow from Investing Activities:
Sale OfEquipment’s	125,000
Purchase Of Land	(80,000)
Purchase ofEquipment’s	(110,000)
Net Cash used by Investing Activities		(65,000)
Cash Flow from Financing Activities:
Increase in Loans payable	190,000
Repayment of Bonds	(60,000)
Repayment of Notes	(45,000)
Issue ofCommon Stock	110,000
Purchase of Treasury Stock	(13,000)
Issue of Preferred Stock	22,000
Payment of Common Stock Dividend	(153,000)
Payment of Preferred Stock Dividend	(51,000)
Net Cash From Financing Activities		0
Net Decrease in Cash		(80,000)

2) What was the company’s CASH FLOW FROM OPERATIONS for 2015. YOU MUST SHOW YOUR WORK and NOTE WHERE THE NUMBER COMES FROM. (for example: “change in A/R” or, “increase inventory”, etc.) You may also omit $1000’s.

3).What was the company’s CASH FLOW FROM INVESTING for 2015. YOU MUST SHOW YOUR WORK and NOTE WHERE THE NUMBER COMES FROM. (for example: “change in A/R” or, “increase inventory”, etc.) You may omit $1000’s if you choose.

4)hat was the company’s CASH FLOW FROM FINANCING for 2015.

YOU MUST SHOW YOUR WORK and NOTE WHERE THE NUMBER COMES FROM. You may omit $1000’s if you choose.