The balance sheet data of Brown Company at the end of 2015 and 2014 follow:

Land was acquired for $30,000 in exchange for common stock, par $30,000, during the year; all equipment purchased was for cash. Equipment costing $10,000 was sold for $3,000; book value of the equipment was $6,000. Cash dividends of $10,000 were declared and paid during the year.Compute net cash provided (used) by:
(a) Operating activities
(b) Investing activities
(c) Financing activities

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2015 2014 S30,000 Cash S35,000 Accounts receivable (net) 55,000 45,000 65,000 Inventory 45,000 Prepaid expenses 15,000 25,000 90,000 Equipment 75,000 Accumulated depreciation - equipment (18,000) (8,000) Land 70,000 40,000 S307,000 $257,000 Accounts payable S65,000 S52,000 Accrued expenses 15,000 18,000 Notes payable - bank, long-term 23,000 Bonds payable 30,000 Common stock $10 par 189,000 159,000 Retained earnings 8,000 5,000 S307,000 S257,000