(Cash Provided by Operating, Investing, and Financing Activities)

Brown Company at the end of 2007 and 2006 follow.

Land was acquired for $30,000 in exchange for common stock, par $30,000, during the year; all equipment purchased was for cash. Equipment costing $10,000 was sold for $3,000; book value of the equipment was $6,000. Cash dividends of $10,000 were declared and paid during the year.

Instructions Compute net cash provided (used) by:

(a) operating activities.

(b) investing activities.

(c) financing activities.

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Cash Accounts receivable (net) Merchandise inventory Prepaid expenses Equipment Accumulated depreciation-equipment Land Accounts payable Accrued expenses Notes payable bank, long-term Bonds payable Common stock, $10 par Retained earnings 2007 $ 30,000 2006 $ 35,000 55,000 45,000 65,000 45,000 15,000 25,000 90,000 75,000 (18,000) (8,000) 70,000 40,000 $307,000 $257,000 $ 65,000 15,000 -0- $ 52,000 18,000 23,000 30,000 -0- 189,000 159,000 8,000 5,000 $307,000 $257,000