1. What is the net cash provided by operating activities?
   1. 119,000
   2. $122,000
   3. $135,000
   4. 144,000

Additional Iaformation on Year 2018 Transactions a. Purchased equipment for $36,000 cash. b. Issued 12,000 shares of common stock for \$5 cash per share. c. Declared and paid $111,000 in cash dividends. Required: Prepare a complete stutement of cash flows; report its cash inflows and cash outflows from cperating activities according to the indirect merhod