The following information is available from Bromfield Co.'s accounting records for the year ended December 31, 2016 (amounts in millions):

Cash dividends declared and paid..............................$ 1,020

Interest and taxes paid............................................. 270

Collections from customers....................................... 4,050

Payment of long-term debt....................................... 660

Purchase of land and buildings................................... 510

Cash paid to suppliers and employees........................... 2,430

Issuance of preferred stock........................................ 900

Proceeds from the sale of equipment.............................. 120

Required:

a. Calculate the net cash provided (used) by operating activities for Bromfield Co. for the year ended December 31, 2016.

b. Calculate the net cash provided (used) by investing activities.

c. Calculate the net cash provided (used) by financing activities.

d. Calculate the net increase (decrease) in cash for the year.