The following represents summary cash flow information for three companies, each of which had long-term debt at the beginning of the period. Net Cash provided (used) by operating activities Net cash provided (used) by investing activities: Cash from sale of assets Cash paid for purchase of assets Net cash provided (used) by financing activities: Proceeds from issuance of debt Repayment of debt Net change in cash for the period Blue Co. White Co. Black Co. $ (70,000) $ 65,000 $ 75,000 50,000 (30,000) (55,000) 20,000 (15,000) $0 $20,000 $20,000 Using the above information, answer the following questions fully, completely, and in your own words to receive full credit. a- Which company is in the strongest cash flow position and why. Address each section of the statement. b- Which company is in the weakest cash flow position and why (be specific)? c- When evaluating the Statement of Cash Flows, what section or item is the most important to consider?