Laux Company had the following Income Statement for 2018 and Balance sheets as of December 31, 2017 and 2018. Determine the net cash provided by or used for operating activities for 2018, the cash provided by or used for investing activities, and the cash provided by or used for financing activities.

Laux Company
Income Statement
For the year ended December 31, 2018
Sales	$418,100
Cost of goods sold	210,000
Gross margin	208,100
Operating expenses	52,000
Income from operations	156,100
Loss on sale of equipment*	(2,000)
Income before taxes	154,100
Income tax expense	22,000
Net income	$132,100

Laux Company
Balance Sheet
	December 31,2018	December 31,2017
Assets
Cash	146,300	43,200
Accounts receivable	73,200	75,200
Merchandise inventory	60,000	59,000
Property and equipment	320,000	310,000
Less: Accumulated depreciation	(100,000)	(120,000)
	499,500	367,400
Accounts payable	51,000	44,700
Wages payable	2,000	2,200
Note payable, long-term	73,000	77,000
Contributed capital	103,100	90,100
Retained earnings	270,400	153,400
	499,500	367,400

*Laux sold equipment for $3,000. It had an original cost of $35,000 and accumulated depreciation of $30,000. There was a loss of $2,000 recognized on the sale. Laux sold stock for $13,000 and paid dividends of $15,100. Show dividends as a financing activity (rather than an operating activity).

What was depreciation expense?

What were acquisitions?

I will evaluate the following answers based upon your answers (correct or incorrect) to the two previous questions.

Cash provided by (if positive) or cash used for (if negative) operating activities:

Cash provided by (if positive) or cash used for (if negative) investing activities:

Cash provided by (if positive) or cash used for (if negative) financing activities: