(Answered) Problem - the following information is available from

Accounting

Problem - The following information is available from Bromfield Co.'s accounting records for the year ended December 31, 2016 (amounts in millions):

Cash dividends declared and paid 337

Interest and taxes paid 92

Collections from customers 1346

Payment of long-term debt 215

Purchase of land and buildings 158

Cash paid to suppliers and employees 823

Issuance of preferred stock 303

Proceeds from the sale of equipment 61

a. Calculate the net cash provided (used) by operating activities for Bromfield Co. for the year ended December 31, 2016.

b. Calculate the net cash provided (used) by investing activities.

c. Calculate the net cash provided (used) by financing activities.

d. Calculate the net increase (decrease) in cash for the year.

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