A company reports the following cash flow activities for the year ending December 31, 2023:

Cash Flow Activity	Amount
Net Income	$400,000
Depreciation Expense	$50,000
Increase in Accounts Receivable	$30,000
Decrease in Inventory	$20,000
Increase in Accounts Payable	$10,000
Purchase of Equipment	$150,000
Proceeds from Issuance of Common Stock	$200,000
Payment of Dividends	$50,000
Repayment of Long-term Debt	$100,000

Using the provided information, perform the following analyses:

• Calculate the Net Cash Provided by Operating Activities by adjusting Net Income for non-cash items and changes in working capital accounts.
• Determine the Net Cash Used in Investing Activities, including the purchase of equipment, and discuss how this section reflects the company’s investment in long-term assets.