Based on the information below, prepare a statement of cash flows for 2018 and then answer the questions following the problem information.

Johnston Enterprises
Balance Sheet and Income Statement Data
	31-Dec-18	31-Dec-17
Current Assets:
Cash	153,000	119,000
Accounts Receivable	238,000	306,000
Inventory	391,000	340,000
Total Current Assets	782,000	765,000
Property, Plant, and Equipment	1,241,000	1,122,000
Less: Accumulated Depreciation	(476,000)	(442,000)
Property, plant & equip, net	765,000	680,000
Total Assets	1,547,000	1,445,000
Current Liabilities:
Accounts Payable	187,000	102,000
Dividends Payable	51,000	68,000
Salaries and wages payable	85,000	76,500
Total Current Liabilities	323,000	246,500
Bonds Payable	340,000	391,000
Total Liabilities	663,000	637,500
Stockholders' Equity:
Common Stock	510,000	467,500
Retained Earnings	374,000	340,000
Total Stockholders' Equity	884,000	807,500
Total Liabilities & Stockholders' Equity	1,547,000	1,445,000
Sales Revenue	1,615,000	1,513,000
Less Cost of Goods Sold	751,000	731,000
Gross Profit	864,000	782,000
Expenses:
Depreciation Expense	153,000	136,000
Salaries and Wages Expense	391,000	357,000
Interest Expense	34,000	34,000
Loss on Sale of Equipment	12,000	-
Income Before Taxes	274,000	255,000
Less Income Tax Expense	110,000	102,000
Net Income	164,000	153,000

Additional Information:

• During the year, Johnston sold equipment with an original cost of $153,000 and accumulated depreciation of $119,000 and purchased new equipment for $272,000
• Outstanding bonds were paid off, no new bonds were issued.
• Dividends were declared during the year and dividends were paid during the year. You need to work through retained earnings accounts to figure out the amount of dividends declared and the amount of dividends paid. These are different amounts.
• Common stock was sold during the year.
• Taxes paid (cash) during the year were $93,220
• Interest paid (cash) during the year was $42,000

Calculate the following amounts:

6. Cash provided/(used) by operating activities.

7. Proceeds from sale of equipment.

8. Cash provided/(used) by investing activities.

9. Dividends declared during 2018.

10. Cash provided/(used) by financing activities.