The controller of Newstrom Software, Inc., provides the following information as the basis for a statement of

Question:

The controller of Newstrom Software, Inc., provides the following information as the basis for a statement of cash flows:

Cash collected from customers ..................$794,000

Cash paid for interest ..................... 22,100

Cash paid to employees and other suppliers of goods and services .... 215,000

Cash paid to suppliers of merchandise ............... 388,000

Cash received from the issuance of long-term debt .......... 12,700

Cash received from sale of equipment .............. 44,000

Cash received from sale of long-term investments .......... 71,400

Income taxes paid ...................... 58,300

Payment of dividends ..................... 24,000

Principal payments on mortgage payable ............. 50,000

Principal payments on long-term debt ............... 15,000

Proceeds from the issuance of common stock ............ 85,000

Purchase of equipment ..................... 120,000

Purchase of long-term investments ................. 83,000

Required:

1. Using the information provided above, calculate the net cash provided (used) by operating activities.

2. Using the information provided above, calculate the net cash provided (used) by investing activities.

3. Using the information provided above, calculate the net cash provided (used) by financing activities.

Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...