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Arnold Industries started the year with $114,400 cash and reported net cash provided by operating activities of $230,000, cash paid for dividends of $47,200, cash
Arnold Industries started the year with $114,400 cash and reported net cash provided by operating activities of $230,000, cash paid for dividends of $47,200, cash received from stock issuance of $42,000, cash paid for equipment purchases of $156,000, cash paid for intangible assets of $118,000, and cash paid on bank loan of $41,000. Required: Calculate the following: 1. Net cash provided by (used in) investing activities. 2. Net cash provided by (used in) financing activities. 3. Ending cash. 4. Free cash flow.
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