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

• Net Income: $600,000
• Depreciation Expense: $90,000
• Increase in Accounts Receivable: $60,000
• Decrease in Inventory: $40,000
• Increase in Accounts Payable: $25,000
• Purchase of Equipment: $250,000
• Proceeds from Issuance of Common Stock: $400,000
• Payment of Dividends: $100,000
• Repayment of Long-term Debt: $200,000

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.