Cash Provided by Operating, Investing, and Financing Activities

The balance sheet data of Wyeth Company at the end of 2012 and 2011 are shown on page 1488.

2012

2011

Cash

$ 30,000

$ 35,000

Accounts receivable (net)

55,000

45,000

Inventory

65,000

45,000

Prepaid expenses

15,000

25,000

Equipment

90,000

75,000

Accumulated depreciation—equipment

(18,000)

(8,000)

Land

70,000

40,000

$307,000

$257,000

Accounts payable

$ 65,000

$ 52,000

Accrued expenses

15,000

18,000

Notes payable—bank, long-term

–0–

23,000

Bonds payable

30,000

–0–

Common stock, $10 par

189,000

159,000

Retained earnings

8,000

5,000

$307,000

$257,000

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 $13,000 was sold for $3,000; book value of the equipment was $6,000. Cash dividends of $9,000 were declared and paid during the year.

Instructions

Compute net cash provided (used) by:

(a) Operating activities.

(b) Investing activities.

(c) Financing activities.

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