The balance sheet data of Brown Company at the end of 2015 and 2014 follow:

2015	2014
Cash	$30,000	$35,000
Accounts receivable (net)	55,000	45,000
Inventory	65,000	45,000
Prepaid expenses	15,000	25,000
Equipment	90,000	75,000
Accumulated depreciation – equipment	(18,000)	(8,000)
Land	70,000	40,000
$307,000	$257,000
Accounts payable	$65,000	$52,000
Accrued expenses	15,000	18,000
Notes payable – bank, long-term	0	23,000
Bonds payable	30,000	0
Common stock $10 par	189,000	159,000
Retained earnings	8,000	5,000
$307,000	$257,000

Land was acquired for $30,310 in exchange for common stock, par $30,310, during the year; all equipment purchased was for cash. Equipment costing $13,486 was sold for $2,980; book value of the equipment was $6,420. Cash dividends of $8,570 were declared and paid during the year.

Compute net cash provided (used) by:

(a) Operating activities

(b) Investing activities

(c) Financing activities

Answer rating: 100% (QA)

a Cash provided by operating activities should be computed as follows Cash flows from ope... View the full answer