Problem 1

Shazaam Corporation had the following transactions during 2022:

1. Issued $250,000 of par value common stock for cash.
2. Recorded and paid wages expense of $120,000.
3. Acquired land by issuing common stock of par value $100,000.
4. Declared and paid a cash dividend of $20,000.
5. Sold a long-term investment (cost $6,000) for cash of $6,000.
6. Recorded cash sales of $800,000.
7. Bought inventory for cash of $320,000.
8. Acquired an investment in Zippy stock for cash of $42,000.
9. Purchased a vehicle by trading in a vehicle worth $30,000.
10. Repaid a 6-year note payable in the amount of $440,000.

A. What is the net cash provided by (used in) operating activities? Fill in blank with answer and list the transaction below. Indicate a cash outflow in parenthesis.

B. What is the net cash provided by financing activities? Fill in blank with answer and list the transactions below. Indicate a cash outflow in parenthesis.

C. What is the net cash provided by investing activities? Fill in blank with answer and list the transactions below. Indicate a cash outflow in parenthesis