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The balance sheet data of Brown Company at the end of 2015 and 2014 follow: 2015 2014 Cash $30,000 $35,000 Accounts receivable (net) 55,000 45,000

The balance sheet data of Brown Company at the end of 2015 and 2014 follow:

2015

2014

Cash

$30,000

$35,000

Accounts receivable (net)

55,000

45,000

Inventory

65,000

45,000

Prepaid expenses

15,000

25,000

Equipment

90,000

75,000

Accumulated depreciation equipment

(18,000)

(8,000)

Land

70,000

40,000

$307,000

$257,000

Accounts payable

$65,000

$52,000

Accrued expenses

15,000

18,000

Notes payable bank, long-term

0

23,000

Bonds payable

30,000

0

Common stock $10 par

189,000

159,000

Retained earnings

8,000

5,000

$307,000

$257,000

Land was acquired for $30,000 in exchange for common stock, par $30,000, during the year; all equipment purchased was for cash. Equipment costing $10,000 was sold for $3,000; book value of the equipment was $6,000. Cash dividends of $10,000 were declared and paid during the year.

Compute net cash provided (used) by:

(a) Operating activities

(b) Investing activities

(c) Financing activities

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