Majorn Auto Parts Store had net income of $82,000 for the year just ended. Majorn collected the following additional information to prepare its statement of cash flows for the year:

Increase in accounts receivable	$104,000
Decrease in inventory	$19,000
Decrease in accounts payable	$36,000
Increase in retained earnings	$30,000
Cash received from sale of building	$216,000
Gain on sale of building	$48,000
Depreciation expense	$33,000

Majorn uses the indirect method to prepare its statement of cash flows. What is Majorn's net cash provided (used) by operating activities?

$188,000

$282,000

$(54,000)

$42,000

2)

Sonier Corporation's most recent balance sheet appears below:

Sonier Corporation's Comparative Balance Sheet
	Ending Balance	Beginning Balance
Assets:
Cash and cash equivalents	$ 54	$ 46
Accounts receivable	97	90
Inventory	79	76
Property, plant and equipment	648	560
Less: accumulated depreciation	268	232
Total assets	$610	$540
Liabilities and stockholders' equity:
Accounts payable	$ 70	$ 68
Bonds payable	304	360
Common stock	35	32
Retained earnings	201	80
Total liabilities and stockholders' equity	$610	$540

The net income for the year was $172. Cash dividends were $51. The company did not issue any bonds or repurchase any of its common stock during the year. The net cash provided by (used in) financing activities for the year was:

$3

$(104)

$(51)

$(56)