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Net income for the year was $72,000. During the year, net cash provided by operating activities was $204,500; net cash used for investing activities
Net income for the year was $72,000. During the year, net cash provided by operating activities was $204,500; net cash used for investing activities was $169,400; net cash provided by financing activities was $48,400. Required: Calculate net increase (decrease) in cash for the year. Note: Enter decreases with a minus sign to indicate a negative financial statement effect. Answer is complete but not entirely correct. Net cash provided by operating activities $ 204,500 Net cash used for investing activities Net cash provided by financing activities Net increase in cash for the year (169,400) ( 48,400 $ (72,000)
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