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KERNS CONSTRUCTION AND PROPERTY MGNNINT CORPORATION <br />STATEMENT OF CASH FLOWS <br />For the Year Ended December 31, 2014 <br />(Read Independent Accountants' Review Report) <br />CASH FLOWS FROM OPERATING ACTIVITIES <br />Cash Received from Customers $ 2,257,400 <br />Cash Paid for Cost of Sales (1,759,998) <br />Other Operating Expenses (486,868) <br />Interest Expense (4,531) <br />NET CASH PROVIDED BY OPERATING ACTIVITIES 6,003 <br />CASH FLOWS FROM FINANCING ACTIVITIES <br />Cash Paid to Shareholders (26,272) <br />Loan from Employee (1,932) <br />Line of Credit (Net) 40,112 <br />NET CASH PROVIDED BY FINANCING ACTIVITIES 11,908 <br />CASH FLOWS FROM INVESTING ACTIVITIES <br />Purchase of Fixed Assets (13,010) <br />NET CASH USED IN INVESTING ACTIVITIES (13,010) <br />NET INCREASE IN CASH 4,901 <br />Cash <br />Beginning of Year <br />End of Year <br />18,918 <br />'23,819 <br />RECONCILIATION OF NET INCOME <br />TO NET CASH PROVIDED BY <br />OPERATING ACTIVITIES <br />Net Income $ 190,447 <br />Depreciation Expense 5,401 <br />Add (Deduct) items not Affecting Cash: <br />Accounts Receivable (261,125) <br />Work in Progress (242,356) <br />Increase (Decrease) in: <br />Accounts Payable 313,636 <br />NET CASH PROVIDED BY OPERATING ACTIVITIES $ 6,003 <br />The accompanying notes are an integral part of these financial statements <br />0 <br />-15 <br />