Student C is analyzing the Cash Flow Statement for Company Gamma for the year ended December 31, 2023. Given the following information:

• Net Income: $100,000
• Depreciation Expense: $20,000
• Increase in Accounts Receivable: $10,000
• Increase in Inventory: $15,000
• Decrease in Accounts Payable: $5,000
• Purchase of Equipment: $30,000
• Sale of Land: $50,000
• Payment of Dividends: $15,000 Evaluate the operating, investing, and financing activities based on the Cash Flow Statement for Company Gamma.