The Cash Flow Statement The purpose is to provide info about the sources and uses of cash during a particular time period content and organization –operating activities: generally, any activities that enter into the determination of net income –investing activities: transactions involved in the acquisition or disposition of non-current assets (sale or purchase of non-current assets, sales or purchases of other company’s securities, collecting or giving a loan to a third party) –financing activities: transactions involving the company’s debt or equity (selling or acquiring company’s own stock, issuing or repaying long-term debt, payment of dividends)

Glorian Portrait Studios, Incorporated Statement of Cash Flows For the Month ended May 31, 2007 Cash Provided from Operating Activities:

Glorian Portrait Studios, Incorporated Statement of Cash Flows For the Month ended May 31, 2007 Cash Provided from Operating Activities: Cash Collected from Customers

Glorian Portrait Studios, Incorporated Statement of Cash Flows For the Month ended May 31, 2007 Cash Provided from Operating Activities: Cash Collected from Customers$19,000

Glorian Portrait Studios, Incorporated Statement of Cash Flows For the Month ended May 31, 2007 Cash Provided from Operating Activities: Cash Collected from Customers$19,000 Cash Paid:

Glorian Portrait Studios, Incorporated Statement of Cash Flows For the Month ended May 31, 2007 Cash Provided from Operating Activities: Cash Collected from Customers$19,000 Cash Paid: To vendors for supplies

Glorian Portrait Studios, Incorporated Statement of Cash Flows For the Month ended May 31, 2007 Cash Provided from Operating Activities: Cash Collected from Customers$19,000 Cash Paid: To vendors for supplies$3,500

Glorian Portrait Studios, Incorporated Statement of Cash Flows For the Month ended May 31, 2007 Cash Provided from Operating Activities: Cash Collected from Customers$19,000 Cash Paid: To vendors for supplies$3,500 To Landlord for rent 5,000

Glorian Portrait Studios, Incorporated Statement of Cash Flows For the Month ended May 31, 2007 Cash Provided from Operating Activities: Cash Collected from Customers$19,000 Cash Paid: To vendors for supplies$3,500 To Landlord for rent 5,000 To Employees- Artist 8,000

Glorian Portrait Studios, Incorporated Statement of Cash Flows For the Month ended May 31, 2007 Cash Provided from Operating Activities: Cash Collected from Customers$19,000 Cash Paid: To vendors for supplies$3,500 To Landlord for rent 5,000 To Employees- Artist 8,000 16,500

Glorian Portrait Studios, Incorporated Statement of Cash Flows For the Month ended May 31, 2007 Cash Provided from Operating Activities: Cash Collected from Customers$19,000 Cash Paid: To vendors for supplies$3,500 To Landlord for rent 5,000 To Employees- Artist 8,000 16,500 Cash Provided From Operations

Glorian Portrait Studios, Incorporated Statement of Cash Flows For the Month ended May 31, 2007 Cash Provided from Operating Activities: Cash Collected from Customers$19,000 Cash Paid: To vendors for supplies$3,500 To Landlord for rent 5,000 To Employees- Artist 8,000 16,500 Cash Provided From Operations$ 2,500

Glorian Portrait Studios, Incorporated Statement of Cash Flows For the Month ended May 31, 2007 Cash Provided from Operating Activities: Cash Collected from Customers$19,000 Cash Paid: To vendors for supplies$3,500 To Landlord for rent 5,000 To Employees- Artist 8,000 16,500 Cash Provided From Operations$ 2,500 Cash Provided from Investing Activities

Glorian Portrait Studios, Incorporated Statement of Cash Flows For the Month ended May 31, 2007 Cash Provided from Operating Activities: Cash Collected from Customers$19,000 Cash Paid: To vendors for supplies$3,500 To Landlord for rent 5,000 To Employees- Artist 8,000 16,500 Cash Provided From Operations$ 2,500 Cash Provided from Investing Activities Investment and later sale of securities, buildings, equipment$ 0

Glorian Portrait Studios, Incorporated Statement of Cash Flows For the Month ended May 31, 2007 Cash Provided from Operating Activities: Cash Collected from Customers$19,000 Cash Paid: To vendors for supplies$3,500 To Landlord for rent 5,000 To Employees- Artist 8,000 16,500 Cash Provided From Operations$ 2,500 Cash Provided from Investing Activities Investment and later sale of securities, buildings, equipment$ 0 Cash Provided (or Used) from Investing Activities$ 0

Glorian Portrait Studios, Incorporated Statement of Cash Flows For the Month ended May 31, 2007 Cash Provided from Operating Activities: Cash Collected from Customers$19,000 Cash Paid: To vendors for supplies$3,500 To Landlord for rent 5,000 To Employees- Artist 8,000 16,500 Cash Provided From Operations$ 2,500 Cash Provided from Investing Activities Investment and later sale of securities, buildings, equipment$ 0 Cash Provided (or Used) from Investing Activities$ 0 Cash Provided From Financing Activities

Glorian Portrait Studios, Incorporated Statement of Cash Flows For the Month ended May 31, 2007 Cash Provided from Operating Activities: Cash Collected from Customers$19,000 Cash Paid: To vendors for supplies$3,500 To Landlord for rent 5,000 To Employees- Artist 8,000 16,500 Cash Provided From Operations$ 2,500 Cash Provided from Investing Activities Investment and later sale of securities, buildings, equipment$ 0 Cash Provided (or Used) from Investing Activities$ 0 Cash Provided From Financing Activities Issuance and retirement of stocks and bonds$ 0

Glorian Portrait Studios, Incorporated Statement of Cash Flows For the Month ended May 31, 2007 Cash Provided from Operating Activities: Cash Collected from Customers$19,000 Cash Paid: To vendors for supplies$3,500 To Landlord for rent 5,000 To Employees- Artist 8,000 16,500 Cash Provided From Operations$ 2,500 Cash Provided from Investing Activities Investment and later sale of securities, buildings, equipment$ 0 Cash Provided (or Used) from Investing Activities$ 0 Cash Provided From Financing Activities Issuance and retirement of stocks and bonds$ 0 Payment of Dividends 0

Glorian Portrait Studios, Incorporated Statement of Cash Flows For the Month ended May 31, 2007 Cash Provided from Operating Activities: Cash Collected from Customers$19,000 Cash Paid: To vendors for supplies$3,500 To Landlord for rent 5,000 To Employees- Artist 8,000 16,500 Cash Provided From Operations$ 2,500 Cash Provided from Investing Activities Investment and later sale of securities, buildings, equipment$ 0 Cash Provided (or Used) from Investing Activities$ 0 Cash Provided From Financing Activities Issuance and retirement of stocks and bonds$ 0 Payment of Dividends 0 Cash Provided (or Used) from Financing Activities$ 0

Glorian Portrait Studios, Incorporated Statement of Cash Flows For the Month ended May 31, 2007 Cash Provided from Operating Activities: Cash Collected from Customers$19,000 Cash Paid: To vendors for supplies$3,500 To Landlord for rent 5,000 To Employees- Artist 8,000 16,500 Cash Provided From Operations$ 2,500 Cash Provided from Investing Activities Investment and later sale of securities, buildings, equipment$ 0 Cash Provided (or Used) from Investing Activities$ 0 Cash Provided From Financing Activities Issuance and retirement of stocks and bonds$ 0 Payment of Dividends 0 Cash Provided (or Used) from Financing Activities$ 0 Increase in cash during period

Glorian Portrait Studios, Incorporated Statement of Cash Flows For the Month ended May 31, 2007 Cash Provided from Operating Activities: Cash Collected from Customers$19,000 Cash Paid: To vendors for supplies$3,500 To Landlord for rent 5,000 To Employees- Artist 8,000 16,500 Cash Provided From Operations$ 2,500 Cash Provided from Investing Activities Investment and later sale of securities, buildings, equipment$ 0 Cash Provided (or Used) from Investing Activities$ 0 Cash Provided From Financing Activities Issuance and retirement of stocks and bonds$ 0 Payment of Dividends 0 Cash Provided (or Used) from Financing Activities$ 0 Increase in cash during period$ 2,500

Glorian Portrait Studios, Incorporated Statement of Cash Flows For the Month ended May 31, 2007 Cash Provided from Operating Activities: Cash Collected from Customers$19,000 Cash Paid: To vendors for supplies$3,500 To Landlord for rent 5,000 To Employees- Artist 8,000 16,500 Cash Provided From Operations$ 2,500 Cash Provided from Investing Activities Investment and later sale of securities, buildings, equipment$ 0 Cash Provided (or Used) from Investing Activities$ 0 Cash Provided From Financing Activities Issuance and retirement of stocks and bonds$ 0 Payment of Dividends 0 Cash Provided (or Used) from Financing Activities$ 0 Increase in cash during period$ 2,500 Cash Balance, beginning of Period (May 1)

Glorian Portrait Studios, Incorporated Statement of Cash Flows For the Month ended May 31, 2007 Cash Provided from Operating Activities: Cash Collected from Customers$19,000 Cash Paid: To vendors for supplies$3,500 To Landlord for rent 5,000 To Employees- Artist 8,000 16,500 Cash Provided From Operations$ 2,500 Cash Provided from Investing Activities Investment and later sale of securities, buildings, equipment$ 0 Cash Provided (or Used) from Investing Activities$ 0 Cash Provided From Financing Activities Issuance and retirement of stocks and bonds$ 0 Payment of Dividends 0 Cash Provided (or Used) from Financing Activities$ 0 Increase in cash during period$ 2,500 Cash Balance, beginning of Period (May 1) 11,000

Glorian Portrait Studios, Incorporated Statement of Cash Flows For the Month ended May 31, 2007 Cash Provided from Operating Activities: Cash Collected from Customers$19,000 Cash Paid: To vendors for supplies$3,500 To Landlord for rent 5,000 To Employees- Artist 8,000 16,500 Cash Provided From Operations$ 2,500 Cash Provided from Investing Activities Investment and later sale of securities, buildings, equipment$ 0 Cash Provided (or Used) from Investing Activities$ 0 Cash Provided From Financing Activities Issuance and retirement of stocks and bonds$ 0 Payment of Dividends 0 Cash Provided (or Used) from Financing Activities$ 0 Increase in cash during period$ 2,500 Cash Balance, beginning of Period (May 1) 11,000 Cash Balance, end of Period (May 31)$13,500