Sheet1E12-5)Sanford Inc.Statement of Cash FlowsYear Ended December 31, 2014Net Income$153,000Adjustments to Operating AccountsDepreciation Expense$27,000Accounts Receivable9,000Inventory4,000Prepaid Expenses(5,000)Accrued Expenses Payable10,000Accounts Payable(7,000)38,000Net Cash Provided By Operating Activities$191,000P12-3A)Paxson CompanyStatement of Cash FlowsYear Ended November 30, 2014Net Income$1,750,000Adjustments to Operating AccountsDepreciation Expense$110,000Inventory300,000Accounts Receivable380,000Prepaid Expenses(150,000)Accounts Payable(350,000)Accrued Expenses Payable(100,000)190,000Net Cash Provided by Operating Activities$1,940,000

Chapter 12 E12-5, P12-3A