Harlan Mining Co. has recently decided to go public and has hired you as an independent CPA. One statement that the enterprise is anxious to have prepared is a statement of cash flows. Financial statements of Harlan Mining Co. for 2015 and 2014 are provided below.

BALANCE SHEETS 12/31/15 12/31/14

Cash $306,000 $ 144,000

Accounts receivable 270,000 162,000

Inventory 288,000 360,000

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Harlan Mining Co. has recently decided to go public and has hired you as an independent CPA. One statement that the enterprise is anxious to have prepared is a statement of cash flows. Financial statements of Harlan Mining Co. for 2015 and 2014 are provided below. 2. The net cash provided (used) by investing activities is a. $(264,000). b. $36,000 c. $180,000. d. $(216,000). 3. Under the direct method, the cash received from customers is a. $6,408,000. b. $6,192,000. c. $6,300,000. d. $6,330,000. 4. Under the direct method, the total taxes paid is a. $72,000. b. $30,000. c. $42,000 d. $102,000. 5. The net cash provided (used) by financing activities is a. $(180,000). b. $36,000. c. $(324,000). d. $144,000