Reference no: EM132987757

Question - Angel Ltd. reported net income of $364,000 for 2017. This amount includes a deduction for amortization expense of $29,000.  The following information compares account balances at the end of 2017 with the end of 2016. Cash increased by $260,000; Accounts receivable decreased by $16,000; Inventory decreased by $16,800; Accounts payable increased by $24,200.

During 2017 the company issued $500,000 of common shares in exchange for cash, repaid $625,000 of long-term debt principal with cash, acquired land for $55,000 in exchange for cash, paid cash dividends of $15,000 and sold impaired equipment (Net book value $0) for $5,000 cash.

Required -

A.? Calculate the Cash provided by or (used in) operations, and indicate whether it is positive or negative.

B.? Calculate the Cash provided by or (used in) financing activities, and indicate whether it is positive or negative.

 C. Calculate the ?Cash provided by or (used in) investing activities, and indicate whether it is positive or negative.