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A comparative balance sheet for Cullumber Corporation is presented below. December 31 Assets 2020 2019 Cash $87,040 $28,160 Accounts receivable 104,960 84,480 Inventory 217,600 241,920

A comparative balance sheet for Cullumber Corporation is presented below.

December 31
Assets 2020 2019
Cash $87,040 $28,160
Accounts receivable 104,960 84,480
Inventory 217,600 241,920
Land 90,880 140,800
Equipment 358,400 256,000
Accumulated depreciationequipment (94,720) (53,760)
Total $764,160 $697,600
Liabilities and Stockholders Equity
Accounts payable $43,520 $60,160
Bonds payable 192,000 256,000
Common stock ($1 par) 209,920 209,920
Retained earnings 318,720 171,520
Total $764,160 $697,600

Additional information:

1. Net income for 2020 was $198,400; there were no gains or losses.
2. Cash dividends of $51,200 were declared and paid.
3. Bonds payable of $64,000 were retired.

Compute each of the following: (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

1. Net cash provided by operating activities $
2. Net cash provided (used) by investing activities $
3. Net cash provided (used) by financing activities $

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