1. A company’s cash flow statement for the year ended December 31, 2023, shows the following information:

Operating Activities:

• Net Income: $1,500,000
• Depreciation Expense: $400,000
• Increase in Accounts Receivable: $50,000
• Decrease in Inventory: ($30,000)
• Increase in Accounts Payable: $70,000
• Interest Expense Paid: ($120,000)
• Income Tax Paid: ($280,000)
• Net Cash Provided by Operating Activities: $1,590,000

Investing Activities:

• Purchase of Equipment: ($600,000)
• Proceeds from Sale of Investments: $80,000
• Net Cash Used in Investing Activities: ($520,000)

Financing Activities:

• Proceeds from Issuance of Common Stock: $500,000
• Repayment of Long-term Debt: ($300,000)
• Payment of Cash Dividends: ($200,000)
• Net Cash Provided by Financing Activities: $0

a. Calculate the Cash Flow from Operations using the indirect method. b. Determine the Net Cash Used in Investing Activities and explain its impact on capital expenditures. c. Analyze the changes in financing activities and discuss their implications for the company's financial flexibility.