BEST CLASS COMPANYStatement of Cash Flows

For the Year Ended December 31, 2014

Cash Flow from Operating Activities:Net Income P 77000Adjustments:Depreciation Expense P 32000Decrease (Increase) in Current Assets:

Accounts Receivable 16000Inventory (18000)Prepaid Expenses (7000)

Increase (Decrease) in Current Liabilities:Accounts Payable 26000Accrued Liabilities (4000)Taxes Payable (7000)Deferred Taxes 14000 52000

Net Cash Flow Provided by Operating Activities P 129000

Cash Flow from Investing Activities:Increase in Long Term Investment P (20000)Purchase of Property, Plant, and Equipment (70000)Net Cash Flow Provided by Investing Activities (90000)

Cash Flow from Financing Activities:Payment of Bonds Payable (20000)Payment of Dividends (37000)Additional Issuance of Common Stock 30000 Net Cash Flow Provided by Financing Activities (27000)

NET INCREASE(DECREASE) IN CASH P 12000

CHEMICAL PRODUCTS, INC.Statement of Cash Flows

For the Year Ended December 31, 2011

Cash Flow From Operating Activities:Earnings Before Income Tax P 5838Adjustments:

Depreciation Expense P 2774Decrease (Increase) in Current Assets:

Accounts Receivable (3104)Merchandise Inventory (870)Temporary Investment (1329)

Increase (Decrease) in Current Liabilities:Accounts Payable (2872)Acceptances Payable 727Other Liabilities (8)

Income Taxes Paid (1751) (6433)Net Cash Flow Provided by Operating Activities P (595)

Cash Flow From Investing ActivitiesAcquisition of Property and Equipment P (710)Increase in Other Assets 9Net Cash Flow Provided by Investing Activities (701)

Cash Flow From Financing ActivitiesIncrease in Bank Loans Payable P 929Net Cash Flow Provided by Financing Activities 929

Net Increase (Decrease) in Cash P (367)Cash, January 1 19174Cash, December 31 P 18807