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MANCIL'S TRACTOR SERVXCE, INC. , <br />Statement of Cash Flows (continued from previous page) <br />for the Nine Months Ended September 30, 2017 and 2016 <br />9/30/2017 9/30/2016 <br />Reconciliation of net profit to net cash provided by <br />operating activities: <br />Net profit $ <br />2,724,994 <br />Adjustments to reconcile net profit to net cash provided by <br />operating activities: <br />Amortisation <br />522 <br />Depreciation <br />889,519 <br />Dividend income <br />1,223 <br />Capital gain <br />- <br />(Gain) loss on assets <br />(187,449) <br />Change in assets and liabilities: <br />Contracts receivable <br />123,289 <br />Costs and estimated earnings in excess of <br />billings on uncompleted contracts <br />531,397 <br />Deposits. <br />- <br />Prepaid expenses <br />1,659 <br />Accounts payable <br />(1,221,262) <br />Accrued expenses <br />3,553 <br />Non-cash machinery and equipment adjustment <br />3,135 <br />Customer deposits <br />- <br />Billings in excess of costs and estimated <br />earnings on uncompleted contracts <br />(425,485) <br />Net cash provided by operating activities $ <br />2,445,095 <br />NON-CASH FINANCING ACTIVITY: <br />New equipment loans during year $ 308,363 <br />See independent accountant's compilation report <br />-7- <br />$ 3,820,017 <br />619 <br />856,653 <br />(18,421) <br />1,283 <br />(748) <br />(1,935,401) <br />(566,951) <br />(1,200) <br />1,316,850 <br />(7,788) <br />5 1 <br />(222,546) <br />$ 3,240,367 <br />