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tir <br /> Q NUNEZ CONSTRUCTION,INC. <br /> STATEMENT OF CASH FLOWS <br /> illy FOR THE YEAR ENDED DECEMBER 31,2017 <br /> tir <br /> (READ THE INDEPENDENT ACCOUNTANTS'REVIEW REPORT) <br /> tir <br /> tor <br /> tar CASH FLOWS FROM OPERATING ACTIVITIES <br /> Net Income $ 512,112 <br /> Adjustments to reconcile net income to <br /> itr net cash provided by operating activities <br /> Depreciation 15,615 <br /> tor (Increase) Decrease in: <br /> iv Contracts receivable .9 521,154 <br /> Costs and estimated earnings inz, 47es....... ‘, <br /> of billings on uncompleted contilasn z (18,150) <br /> Increase (Decrease) in: _ <br /> .1%. <br /> 41, Accounts payable '6, <br /> 10,206 <br /> +4,. "191 <br /> Billings in excess of costs and estint.i,red <br /> Nste, <br /> earnings on uricomple%contract (463,331) <br /> tor <br /> C) ix 1-t7P.:.,... .f:-.,..... <br /> Cash Provided by Opep_ting Aefizifib's 577,606 <br /> to Arkb 1 <br /> tir CASH FLOWS FR M INFESTING ACTIVITIES <br /> Acquisition ro "7Suipment (12,649) <br /> tilt if :—...1. <br /> Cash U1 by InvesgnikA\. ctivities (12,649) <br /> it:', <br /> itIV CASH FLOWS FR c ' FINANCING ACTIVITIES <br /> ProceedSiOnibank line of credit 800,000 <br /> \t" <br /> too Repayments of bank line of credit (900,000) <br /> tor' Stockholder profit distributions (615,588) <br /> Cash Used by Financing Activities (715,588) <br /> iv <br /> lb, Decrease in Cash (150,631) <br /> lir <br /> Cash-Beginning 845,932 <br /> tor <br /> tr Cash-End $ 695,301 <br /> ilar <br /> tar <br /> 0 The accompanying notes to the financial statements are an <br /> integral part hereof and should be read. - -6- <br /> itro <br /> it. <br /> tar <br />