Question: The following items may be reflected in a companys statement of cash flows. For each item, indicate which, if any, of the 3 sections of

The following items may be reflected in a companys statement of cash flows. For each item, indicate which, if any, of the 3 sections of the statement of cash flows the item would be reflected in. Assume the statement is prepared using the indirect method.

Selling a fixed asset for more than book value.

Using cash to purchase a fixed asset.

Using cash to buy back our own company stock.

Using cash to purchase 100 shares of stock in another company.

Borrowing money.

Using cash to pay a dividend to stockholders.

Issuing stock in exchange for $500,000.

(3 points) For the year ended 12-31-15, Sather reported net income of $945,000. During 2015, Sather sold a fixed asset for $15,000. The book value of this asset at the time of sale was $20,000. Other information about Sather for 2015 follows:

Increase in accounts receivable $18,000

Increase in prepaid expenses $14,000

Decrease in accrued wages payable $22,000

Decrease in unearned revenues $11,000

Depreciation expense $45,000

What was Sathers net cash provided by (used in) operating activities for 2015? Be sure to label your answer as cash provided by operating activities OR cash used in operating activities.

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