In addition to recognizing what type of activity transactions are being described, it is important to recognize whether a transaction is a source or a use of cash. In the following table, determine whether each transaction is a source or a use of cash.

Jordan Co. paid common dividends of $69,000.

Simmons Technologies paid $289,000 of the principal owed on long-term debt.

Gates Co. incurred total operating expenses of $834,000 and total cash payments for expenses that equaled $781,000. Ward Inc. purchased a factory for $741,000.

Simpson Inc. sold equipment for $52,000.

Montalvo Inc. generated $1,478,000 in net sales revenue and collected $1,384,000 in cash for sales made during the year. Fitzgerald Co. issued new common stock for $317,000.