Boulton's Fashion Depot Inc.
Statement of Cash Flows
For the Year Ended December 31, 2009  
Adjustments to Reconcile Net Income to Net Cash
Operating Activities
Net Income $(9,055)
Cash Provided (Used) by:
Accounts Receivable -
Merchandise Inventory (54,500)
Prepaid Insurance 2,000
Account Payable 4,000
Building 5,200
Machinery 4,500
Patent 1,300
Bond Discount 120
Loss on sale of machinery 6,040
Expropriation of Property 7,700
Net Cash Provided by (Used in) Operating Activities $(32,695)
Investing Activities
Cash Provided (Used) by:
Land $(14,500)
Purchase of Machinery with Cash (18,000)
Purchase of Machinery with Share Proceeds (11,000)
Sale of Machinery 24,160
Net Cash Provided by (Used in) Investing Activities (19,340)
Financing Activities
Cash Provided (Used) by:
Issue of Bonds Payable $22,800
Issue of Common Shares 11,000
Dividends Declared and Paid (28,200)
Net Cash Provided by (Used in) Financing Activities 5,600
Net Increase (Decrease) in Cash $(46,435)
Add: Cash at Start of Year 25,250
Equals: Cash at End of Year (21,185)