3. Cash flow statement for the year 2009Cash flows from operating activities:Collections from customersInterest on note receivableInterest on note payablePayment of operating expenses66,00,0001,20,000(1,80,000)(44,00,000)Net cash inflows from operating activities21,40,000Cash flows from investing activities:Purchase of investmentsSale of investmentsPurchase of equipmentSale of equipmentNet cash outflows from investing activities(10,00,000)2,00,000(12,00,000)4,00,000(16,00,000)Cash flows from financing activitiesProceeds from issue of DebenturesRepayment of DebenturesIssuance of common stockPayment of dividends10,00,000(15,00,000)20,00,000(3,00,000)Net cash inflows from financing activities12,00,000Net increase in cashCash and cash equivalents, January 1Cash and cash equivalents, December 3117,40,00013,00,00030,40,000<br />