Wallace Companys statement of cash flows for the current year is summarized as follows. Cash provided by operating activities $ 275,000 Cash used in investing activities (140,000 ) Cash provided by financing activities 45,000 Increase in cash during the year $ 180,000 Cash balance, beginning of the year 75,000 Cash balance, end of the year $ 255,000 a. Identify the appropriate cash flow section with the given meaning. b. Based on the limited information presented above, did the company's cash position increase or decrease during the year?