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Exercise 11-49 (Appendix 11A) Preparing a Statement of Cash Flows-Direct Method The controller of Newstrom Software, Inc., provides the following information as the basis for
Exercise 11-49 (Appendix 11A) Preparing a Statement of Cash Flows-Direct Method The controller of Newstrom Software, Inc., provides the following information as the basis for a statement of cash flows: Cash collected from customers $785,400 Income taxes paid $58,300 Cash paid for interest 22,100 Payment of dividends 35,000 Cash paid to employees and other suppliers of goods 221,750 Principal payments on mortgage 60,000 and services Cash paid to suppliers of merchandise 395,540 Principal payments on long-term debt 22,000 Cash received from the issuance of long-term debt 40,000 Proceeds from the issuance of 85,000 common stock Cash received from disposal of equipment 42,500 Purchase of equipment 120,000 Cash received from sale of long-term investments 71,400 Purchase of long-term investments 75,800 payable Required: Use a minus sign to indicate any cash outflows: 1. Using the information provided above, calculate the net cash provided (used) by operating activities. 2. Using the information provided above, calculate the net cash provided (used) by investing activities. 3. Using the information provided above, calculate the net cash provided (used) by financing activities
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