Mary Walker, president of Rusco Company, considers $$43,000$ to be the minimum cash balance for operating purposes. As can be

seen from the following statements, only $$38,000$ in cash was available at the end of this year. Because the company reported a large

net income for the year, and also issued both bonds and common stock, the sharp decline in cash is puzzling to Ms$.$ Walker.

The following additional information is available for this year.

a$.$ The company paid a cash dividend.

b$.$ Equipment costing $$136,000$ with accumulated depreciation of $$63,000$ was sold for $$62,400.$

c$.$ Long$-$term investments costing $$76,000$ were sold for $$107,500.$

d$.$ The company did not retire any bonds payable or repurchase any of its common stock.

Required:

For this year:

Determine the net cash provided by $($used in$)$ operating activities using the indirect method.

Prepare a statement of cash flows.

Compute free cash flow.

Complete this question by entering your answers in the tabs below.

Required $1$

Required $2$

Determine the net cash provided by $($used in$)$ operating activities using the indirect method for this year.

Note: Cash outflows and amounts to be deducted should be indicated with a minus sign.