Use the following data and information to perform the calculations below. Clearly label the amount of each answer as positive or negative and show all your calculations:

Net income $$475,000$

Beginning accounts payable $ $24,000$

Depreciation expense $$92,000$

Ending accounts payable $$41,000$

Beginning accounts receivable $$38,000$

Purchase of equipment $$525,000$

Ending accounts receivable $$41,500$

Issue of long$-$term debt $$145,000$

Beginning inventory $$23,000$

Issue of shares for cash $80,000$

Ending inventory $$26,000$

Issue of shares for land $140,000$

Beginning prepaid expenses $$3,700$

Repurchase of issued shares $93,500$

Ending prepaid expenses $$3,100$

Sale of long$-$term investment at cost $$28,000$

Instructions

$($a$)$ Calculate the amount of cash flows provided $($used$)$ by

operating activities, using the indirect method. $\_\_\_\_\_\_$

$($b$)$ Calculate the amount of cash flows provided $($used$)$ by

investing activities. $\_\_\_\_\_\_$

$($c$)$ Calculate the amount of cash flows provided $($used$)$ by

financing activities. $\_\_\_\_\_\_$

$($d$)$ Calculate the net change in cash. $\_\_\_\_\_\_$

$($e$)$ Identify any significant noncash investing or financing activities. $\_\_\_\_\_\_$

Label each answer clearly.