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MANCIL'S TRACTOR SERVICE, INC.
<br /> Statement of Cash Flows
<br /> for the Year Ended December 31, 2013
<br /> (With Comparative Totals for the Year Ended December 31, 2012-Reviewed)
<br /> 2013 2012
<br /> (Audited) (Reviewed)
<br /> Cash flows provided by(used in)
<br /> operating activities:
<br /> Cash received from customers $ 15,088,291 $ 10,657,018
<br /> Cash paid to suppliers and employees (14,292,262) (10,438,115)
<br /> Rebate income 2,855 2,983
<br /> Rental income 9,000 9,000
<br /> Interest income 1,848 2,158
<br /> Gain (loss) scrapped assets - (6,375)
<br /> Other income 113 -
<br /> Interest expense (74,298) (61,367)
<br /> Net cash provided by (used in) operating activities 735,547 165,302
<br /> Cash flows provided by (used in)
<br /> investing activities:
<br /> Equipment deposits 20,000 (20,000)
<br /> Net change in fixed assets (1,238,901) (135,241)
<br /> Change in short-term notes receivable 2,096 (3,163)
<br /> Net cash provided by (used in) investing activities (1,236,805) (158,404)
<br /> Cash flows provided by (used in)
<br /> financing activities:
<br /> Borrowings (payments)on line of credit (104,038) (2,191)
<br /> Stockholder loans 111,061 -
<br /> Distributions (372,456) (445,061)
<br /> Change in notes payable 635,149 644,048
<br /> Net cash provided by (used in) financing activities 269,716 1969796
<br /> Net increase(decrease)in cash and cash equivalents (231,542) 203,694
<br /> Cash and cash equivalents,beginning of year 667,993 464,299
<br /> Cash and cash equivalents,end of year $ 436,451 $ 667,993
<br /> (continued on next page)
<br /> See auditor's report and accompanying notes
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