Statement of Cash Flows Walters Inc, began operations on January 1. The following information relates to Walters cash flows during the year. Cash received from owners $201.500 Cash paid for purchase of land and building 126,900 Cash paid for advertising 34,200 Cash received from customers 139,700 Cosh paid to purchase machine 31,100 Cash paid to employees for salaries 46,400 Cash paid for dividends to stockholders 37,200 Cash paid for supplies 28,700 Required: 1. Calculate the cash provided/used for each cash flow category. Use the minus sign to indicate cash out flows, a decrease in cash or cal Net cash provided by operating activities 30,000 X 158,000 X Net cash used by investing activities Net cash provided by financing activities 164,300 2. Conceptual Connection: Comment on Walters' creditworthiness Walters has positive cash flow, especially from operations, showing the company is in a good financial position to pay The negative cash flow from Investing is a sign of a growing company that is investing in revenue-producing assets. Feedback Check My Workmore Check My Work uses remaining All work saved Email instructor Save and MacBook Pro Search or type URL # 3 $ 4 % 5 & 7 6 00 9 0 E 0 R T Y U