HARTFORD, INC Statement of Cash Flows For the year Ended December 31, 2017

Cash Flows from Operating Activities:

Net income

$10,800

Add (deduct) items not affecting cash:

Depreciation expense

54,000

Decrease in accounts receivable

27,600

Increase in Inventory

(8,400)

Increase in notes payable

14,400

Decrease in accounts payable

(7,200)

Net cash provided by operating activities

$91,200

Cash Flows from Investing Activities:

Purchase of equipment

$(60,000)

Purchase of buildings

(57,600)

Net cash used by investing activities

$(117,600)

Cash Flows from Financing Activities:

Proceeds from short-term debt

$6,000

Cash used for retirement of long-term debt

(30,000)

Proceeds from issuance of common stock

12,000

Payment of cash dividends on common stock

(3,600)

Net cash used by financing activities

$(15,600)

Net decrease in cash for the year

$(42,000)