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The following information is available from Bromfield Co.s accounting records for the year ended December 31, 2019 (amounts in millions): Cash dividends declared and paid

The following information is available from Bromfield Co.s accounting records for the year ended December 31, 2019 (amounts in millions):

Cash dividends declared and paid $ 339
Interest and taxes paid 105
Collections from customers 1,339
Payment of long-term debt 218
Purchase of land and buildings 166
Cash paid to suppliers and employees 832
Issuance of preferred stock 311
Proceeds from the sale of equipment 52

Required:

  1. Calculate the net cash provided (used) by operating activities for Bromfield Co. for the year ended December 31, 2019.
  2. Calculate the net cash provided (used) by investing activities.
  3. Calculate the net cash provided (used) by financing activities.
  4. Calculate the net increase (decrease) in cash for the year.

(For all requirements, enter your answer in millions. (i.e., 5,000,000 should be entered as 5))

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