NextGen Systems Ltd provided the following financial data:

• Net Income: £180,000
• Depreciation Expense: £40,000
• Increase in Accounts Receivable: £25,000
• Decrease in Accounts Payable: £12,000
• Increase in Inventory: £15,000
• Purchase of Equipment: £35,000
• Issuance of Common Stock: £80,000

Requirements:

1. Prepare the operating activities section of the cash flow statement using the indirect method.
2. Calculate the net cash provided by (used in) operating activities.
3. Determine the net increase (decrease) in cash for the period.