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The following financial information is available for Dewitt Company: 20X5...

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Accounting

The following financial information is available for Dewitt Company:
20X5 20X4
Cash and cash equivalents $ 27,000 $22,500
Accounts receivable 37,500 33,000
Buildings 162,000 67,500
Accumulated depreciation (30,000) (24,000)
Land 45,000 30,000
$241,500 $129,000
Accounts payable $39,000 $33,000
Long-term notes payable 75,000 30,000
Common stock 75,000 45,000
Retained earnings 52,500 21,000
$241,500 $129,000
Additional information:

Net income for 20X5 was $40,000.

No buildings were sold during 20X5.

All building purchases made during 20X5 were made withcash.

Note: The end-of-year data are in the LEFT column. What was the net cash provided by (used in) financing activities?

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