Walters, Inc. began operations on January 1, 2009. The following information relates to Walters’ cash flows during 2009.
Cash received from owners ............ $200,000
Cash paid for purchase of land and building ...... 129,000
Cash paid for advertising ............. 21,000
Cash received from customers ........... 131,000
Cash paid to purchase machine ............. $ 32,000
Cash paid to employees for salaries .......... 47,000
Cash paid for dividends to stockholders ........ 5,000
Cash paid for supplies ................ 23,000

Required:
1. Calculate the cash provided/used for each cash flow category.
2. Comment on the creditworthiness of Walters, Inc.