E23-16 (L01,2) (Cash Provided by Operating Investing and Financing Activities) The balance sheet data of Brown Company at the end of 2017 and 2016 follow. 2017 2016 Cash $ 30,000 $ 35,000 Accounts receivable (net) 55,000 45,000 Inventory 65,000 45,000 Prepaid expenses 15,000 25,000 Equipment 90,000 75,000 Accumulated depreciation equipment (18,000) (8,000) Land 70.000 40,000 $307,000 $257,000 Accounts payable $ 65,000 $ 52,000 Accrued expenses 15.000 18.000 Notes payable bank, long-term -0 23,000 Bonds payable 30,000 Common stock, 510 par 189.000 159.000 Retained earnings 8,000 5,000 107.000 $257.000 Land was acquired for $30.000 in exchange for common stock. par $30,000, during the year, all equipment purchased was for cash Equipment costing $10,000 was sold for $3,000 book value of the equipment was $6,000. Cash dividends of $10,000 were declared and paid during the year. Instructions Compute net cash provided (used) by: (a) Operating activities (b) Investing activities te) Financing activities