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The income statement and additional data of Dallas Products, Inc., follow: Income statement Year Ended December 31, 2014 Revenues: Service revenue $202,400 Dividend revenue $6,700

The income statement and additional data of Dallas Products, Inc., follow:

Income statement

Year Ended December 31, 2014

Revenues:

Service revenue

$202,400

Dividend revenue

$6,700

Loss from sale of land

($3,000)

Total Revenues:

$206,100

Expenses

Cost of goods sold

$10,800

Salary expense

$44,000

Depreciation expense

$21,000

Advertising expense

$4,300

Interest expense

$2,100

Income tax expense

$19,500

Total Expenses

$101,700

Net Income

$104,400

Additional data:

  1. Acquisition of plant assets was $150,000. Of this amount, $95,000 was paid in cash and $55,000 by signing a note payable.
  2. Book value of land is $20,000.
  3. Cash received from issuance of common stock totaled $50,000.
  4. Payment of a long-term note payable was $18,000.
  5. Payment of cash dividends was $12,000
  6. From the balance sheets:

Changes from

2013 to 2014

12/31/2014

12/31/2013

Current Assets

Cash

$86,200

$33,500

$52,700

Account receivable

$44,000

$60,000

-$16,000

Inventory

$84,000

$62,000

$22,000

Prepaid expense

$9,500

$8,300

$1,200

Current Liabilities

Accounts payable

$38,000

$36,500

$1,500

Accrued liabilities

$1,000

$13,000

-$12,000

Please answer the following questions:

1. How much cash is provided by operating activities? Please fill a whole number in the following blank. No "$" sign, no comma in the number please. $

2. How much cash is received from the sale of land? Please fill a whole number in the following blank. No "$" sign, no comma in the number please. $

3. How much cash is used for the investing activities? Please fill a whole number in the following blank. No "$" sign, no comma in the number please. $

4. How much cash is provided for the financing activities? Please fill a whole number in the following blank. No "$" sign, no comma in the number please. $

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