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i <br /> MANCIL'S TRACTOR SERVICE, INC. <br /> Statement of Cash Flows (continued from previous page) <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 /> Reconciliation of net loss to net cash provided by (used in) <br /> operating.activities: <br /> Net profit(loss) $ 676,768 $ 579,652 <br /> Adjustments to reconcile net loss to net cash provided by <br /> operating activities: <br /> Amortization 166 184 <br /> Depreciation 871,755 472,325 <br /> Inventory (6,000) - <br /> Gain(loss) asset sales (29,478) 61,822 <br /> Gain (loss) scrapped assets - (6,375) <br /> Change in assets and liabilities: <br /> Contracts receivable (2,485,404) (366,958) <br /> Costs and estimated earnings in excess of <br /> billings on uncompleted contracts (289,854) 174 <br /> Deposits (234) - <br /> Prepaid expenses 18,606 (18,456) <br /> Accounts payable 1,508,679 (751,135) <br /> Accrued expenses 29,784 8,268 <br /> Income taxes payable 41,000 <br /> Fuel tax credit payable - (3,150) <br /> Billings in excess of costs and estimated <br /> earnings on uncompleted contracts 399,759 188,951 <br /> Net cash provided by (used in) operating activities $ 7359547 $ 165,302 <br /> See auditor's report and accompanying notes <br /> - 8- <br />