(APPENDIX 11A) PREPARING A STATEMENT OF CASH FLOWS—DIRECT METHOD 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:

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

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

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

Exercise