The following information is available for XYZ Corporation for the year ended December 31, 2023:

• Net Income: $75,000
• Depreciation Expense: $10,000
• Increase in Accounts Receivable: $5,000
• Decrease in Inventory: $3,000
• Increase in Accounts Payable: $7,000
• Purchase of Equipment: $20,000
• Issuance of Common Stock: $30,000
• Payment of Dividends: $8,000

Requirements:

1. Prepare the operating activities section of the cash flow statement using the indirect method.
2. Calculate the net cash provided by (used in) operating activities.
3. Prepare the investing activities section of the cash flow statement.
4. Prepare the financing activities section of the cash flow statement.
5. Calculate the net increase (decrease) in cash for the year.