Wallace Company's statement of cash flows for the current year is summarized as follows. Cash provided...

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Wallace Company's statement of cash flows for the current year is summarized as follows. Cash provided by operating activities Cash used in investing activities Cash provided by financing activities Increase in cash during the year Cash balance, beginning of the year Cash balance, end of the year $ 275,000 (140,000) 45,000 $ 180,000 75,000 $ 255,000 a. Identify the appropriate cash flow section for each description. b. Based on the limited information presented above, identify the change in the company's cash position during the year? a. Includes the cash provided by and used for those transactions that are normal, ongoing operations and that included in the determination of net income. Includes cash provided by and used for the purchase and disposal of assets that are not held for resale, primarily investments, and plant and intangible assets. Include cash provided by and used for debt and equity financing transactions. b. Wallace Company's cash Wallace Company's statement of cash flows for the current year is summarized as follows. Cash provided by operating activities Cash used in investing activities Cash provided by financing activities Increase in cash during the year Cash balance, beginning of the year Cash balance, end of the year $ 275,000 (140,000) 45,000 $ 180,000 75,000 $ 255,000 a. Identify the appropriate cash flow section for each description. b. Based on the limited information presented above, identify the change in the company's cash position during the year? a. Includes the cash provided by and used for those transactions that are normal, ongoing operations and that included in the determination of net income. Includes cash provided by and used for the purchase and disposal of assets that are not held for resale, primarily investments, and plant and intangible assets. Include cash provided by and used for debt and equity financing transactions. b. Wallace Company's cash