Walters Inc. began operations on January 1, 2019. The following information relates to Walters' cash flows during 2019.

Required:
1. Calculate the cash provided/used for each cash flow category.
2. Comment on Walters' creditworthiness.

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Cash received from owners Cash paid for purcha se of land and building Cash paid for advertising | Cash received from customers Cash paid to purchase machine Cash paid to employees for salaries Cash paid for dividends to stockholders Cash paid for supplies $201,500 S32,000 46,400 128,700 34,200 139,800 37,500 28,700