The following data are available for Buddy T. Elt Corporation: Net income $300,000 Cash paid for purchase of equipment $20,000 Depreciation expense $20,000 Cash received for issuance of a note payable $50,000 Loss on sale of equipment 10,000 Assuming Buddy uses the indirect method, answer the following questions: Net cash provided by operating activities is: Identify the activity associated with cash paid for purchase of equipment. Identify the activity associated with cash received for issuance of a note payable