The balance sheet data of Brown Company at the end of 2014 and 2013 are shown below.
|
|
2014
|
2013
|
|
Cash
|
$29,610
|
$34,819
|
|
Accounts receivable (net)
|
54,727
|
44,845
|
|
Inventory
|
65,440
|
45,224
|
|
Prepaid expenses
|
14,952
|
24,526
|
|
Equipment
|
89,819
|
74,517
|
|
Accumulated depreciation-equipment
|
(18,477)
|
(8,204)
|
|
Land
|
69,800
|
39,650
|
|
|
$305,871
|
$255,377
|
|
Accounts payable
|
$64,523
|
$52,178
|
|
Accrued expenses
|
14,755
|
17,571
|
|
Notes payable-bank, long-term
|
-0-
|
22,992
|
|
Bonds payable
|
30,268
|
-0-
|
|
Common stock, $10 par
|
188,730
|
158,580
|
|
Retained earnings
|
7,595
|
4,056
|
|
|
$305,871
|
$255,377
|
Land was acquired for $30,150 in exchange for common stock, par $30,150, during the year; all equipment purchased was for cash.
Equipment costing $12,562 was sold for $3,410; book value of the equipment was $5,540. Cash dividends of $8,630 were declared and paid during the year.
Compute the following:
(a) Net Cash Provided used by Operating activities.
(b) Net Cash Used provided by Investing activities.
(c) Net Cash Used provided by Financing activities.