32. (12 min.)

                                   RICE INC.

                            Statement of Cash Flows

                     For the Year Ending December 31, 1999

    

     Cash flows from operating activities

       Cash receipts from customers      ($600,000 - $5,000)      $595,000      

       Cash payments:

         For operating expenses      ($360,000 + $6,000)            $366,000                              

         For income taxes                        ($60,000 - $3,000)            57,000                  

    423,000        

                                                         

         Net cash provided by operating activities                        $172,000