Calculate the net cash provided by operating activities

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Reference no: EM13939723

PREPARING A STATEMENT OF CASH FLOWS-DIRECT METHOD

The controller of Newstrom Software, Inc., provides the following information as the basis for a statement of cash flows:

Cash collected from customers	$794,000
Cash paid for interest	22,100
Cash paid to employees and other suppliers of goods and services	215,000
Cash paid to suppliers of merchandise	388,000
Cash received from the issuance of long-term debt	12,700
Cash received from sale of equipment	44,000
Cash received from sale of long-term investments	71,400
Income taxes paid	58,300
Payment of dividends	24,000
Principal payments on mortgage payable	50,000
Principal payments on long-term debt	15,000
Proceeds from the issuance of common stock	85,000
Purchase of equipment	120,000
Purchase of long-term investments	83,000

Required:

1. Using the information provided above, calculate the net cash provided (used) by operating activities.

2. Using the information provided above, calculate the net cash provided (used) by investing activities.

3. Using the information provided above, calculate the net cash provided (used) by financing activities.

Reference no: EM13939723

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