Question

This all the information that I have, there is not an specific method.

Selected financial statement information and additional data for Johnston Enterprises is presented below.

Johnston Enterprises

Balance Sheet:

Johnston Enterprises

Balance Sheet and Income Statement Data

                                                                                          December 31,       December 31,

                                                                                              2020                       2019___

Current Assets:

Cash                                                                        $153,000               $119,000

Accounts Receivable 238,000                 306,000

Inventory       391,000                 340,000

Total Current Assets 782,000                 765,000

Property, Plant, and Equipment 1,241,000              1,122,000

Less: Accumulated Depreciation       (476,000)               (442,000)

Total Assets   $1,547,000            $1,445,000

Current Liabilities:

Accounts Payable $187,000               $102,000

Notes Payable 51,000                   68,000

Income Taxes Payable                                                85,000                   76,500

Total Current Liabilities 323,000                 246,500

Bonds Payable                                                             340,000                 391,000

Total Liabilities   663,000                 637,500

Stockholders' Equity:

Common Stock                                                       510,000                 467,500

Retained Earnings                                                  374,000                 340,000

Total Stockholders' Equity      884,000                 807,500

Total Liabilities & Stockholders' Equity   $1,547,000            $1,445,000

Sales Revenue                                                          1,615,000            $1,513,000

Less Cost of Goods Sold   751,000                 731,000

Gross Profit 864,000                 782,000

Expenses:

Depreciation Expense                                            153,000                 136,000

Salaries and Wages Expense                                391,000                 357,000

Interest Expense                                                      34,000                   34,000

Loss on Sale of Equipment                                      12,000                            0

Income Before Taxes                                                   274,000                 255,000

Less Income Tax Expense                                          110,000                 102,000

Net Income                                                                 $164,000               $153,000

Additional Information:

During the year, Johnston sold equipment with an original cost of $153,000 and accumulated depreciation of $119,000 and purchased new equipment for $272,000. Hint: Use your knowledge of Retained Earnings to compute the amount of Dividends paid (if any) by the company. Assume there were no adjustments to

Answer the following questions and show your computations:

1. What was the company's Net cash used or provided by operating activities?

2. What was the company's Net cash used or provided by investing activities?

3. What was the company's Net cash used or provided by financing activities?   

Answer 1