Use the following cash flow data for Rocket Transport to find Rocket’s
a. Net cash provided by or used in investing activities.
b. Net cash provided by or used in financing activities.
c. Net increase or decrease in cash for the year.
Cash dividend ................ $ 80,000
Purchase of bus ................. $ 33,000
Interest paid on debt .......... .... $ 25,000
Sales of old equipment ........... $ 72,000
Repurchase of stock ............. $ 55,000
Cash payments to suppliers .......... $ 95,000
Cash collections from customers ........ $300,000