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SUNSHINE LAND DESIGN, INC. <br />STATEMENT OF CASH FLOWS <br />FOR THE YEAR ENDED DECEMBER 31, 2014 <br />(Read Accountant's Independent Review Report) <br />Cash Flow Front Operating Activity <br />Net Income From Operations $ ( 554,441) <br />Adjustments to Reconcile Net Income <br />to Net Cash Provided by Operations <br />Depreciation 500,714 <br />Gain on Sale of Assets • ( 21,000) <br />Decrease in Accounts Receivable 1,298,839 <br />Increase in Prepaid Construction Costs ( 9,510) <br />Increase in Prepaid Expenses 103,482 <br />Decrease in Cost and Estimated Earnings <br />in Excess of Billings 109,011 <br />Increase in Deferred Tax Asset ( 211,612) <br />Decrease in Accounts Payable ( 681,873) <br />Decrease In Billings in Excess of Cost ( 70,075) <br />Decrease in Deferred Income Tax Payable ( 26.006) <br />Net Cash Provided by Operations 437.529 <br />2014 <br />Cash Flows From Investing Activities <br />Proceeds From Sale of Assets 21,000 <br />Additions to Equipment and Vehicles ( 976.247) <br />Total Cash Flows From Investing Activities <br />Cash Flows From Financing Activities <br />Increase in Loans to Shareholder <br />Retirement of Debt <br />Proceeds From Debt <br />( 955.247) <br />( 41,326) <br />( 482,855) <br />884.951 <br />Total Cash Flows From Financing Activities 360.770 <br />Net Increase In Cash ( 156,948) <br />Cash, Beginning of Year 622.398 <br />Cash, End of Year $ 465,450 <br />The accompanying notes are an integral part of these financial statements. <br />6 <br />