7. Sources and uses of cash In addition to recognizing what type of activity transactions are being described, it is important to recognize whether a transaction is a source or a use of cash. In the following table, determine whether each transaction is a source or a use of cash. Source of Cash Use of Cash Coleman Co. incurred total operating expenses of $834,000 and total cash payments for expenses that equaled $781,000. Reyes Inc. generated $1,478,000 in net sales revenue and collected $1,384,000 in cash for sales made during the year. Graham Co. paid common dividends of $69,000. Singh Technologies paid $289,000 of the principal owed on long-term debt. Marshall Co. issued new common stock for $317,000. Stevens Inc. purchased a factory for $741,000. Carson Inc. sold equipment for $52,000. 0