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Income Statement
Sales revenues		760,500
cost of goods sold	225,000
Operating expenses (excluding depreciation)	166,500
Depreciation expenses	13,500
Loss on disposal of equipment	4,500
Interest expenses	63,000
Total operating expenses		(472,500)
income before taxes		288,000
income tax expense		(70,500)
net income		217,500

Statement of financial Positions	31/12/2019	31/12/2018
Assets
Cash	82,500	49,500
accounts receivables	30,000	45,000
inventory	22,500	15,000
prepaid insurance	7,500	1,500
Land	195,000	30,000
Building	240,000	60,000
less: accumulated depreciation- Building	(16,500)	(7,500)
Equipment	40,500	15,000
less: accumulated depreciation- Equipment	(4,500)	(1,500)
total assets	597,000	207,000
Liabilities and stockholders' equity	31/12/2019	31/12/2018
Accounts payable	42,000	18,000
Income tax payable	9,000	12,000
Bonds payable	195,000	30,000
common stock	105,000	75,000
Retained earnings	246,000	72,000
Total liabilities and stockholders equity	597,000	207,000

Additional Information

1. The company sold equipment for $6,000 cash.
2. A building costing $180,000 was purchased for cash.
3. Equipment costing $37,500 was also purchased for cash.
4. Issued common stock for $30,000 cash
5. The company declared and paid cash dividend
6. Issued $165,000 of long-term bonds in direct exchange for land.

You are required to prepare a statement of cash flow using indirect method. Then answer the below questions.

1. How much is the net cash provided by operating activities?
2. How much is the net cash used by investing activities?
3. How much is the net cash used by financing activities?

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