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Professional Equipment started the year with $121,600 cash and reported net cash provided by operating activities of $245,000, cash paid for dividends of $50,800, cash
Professional Equipment started the year with $121,600 cash and reported net cash provided by operating activities of $245,000, cash paid for dividends of $50,800, cash received from stock issuance of $48,000, cash paid for equipment purchases of $159,000, cash paid for intangible assets of $127,000, and cash paid on bank loan of $44,000.
Calculate the following:
1. Net cash provided by (used in) investing activities.
2. Net cash provided by (used in) financing activities.
3. Ending cash.
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