(Answered) Question - for the most recent accounting year a company

Accounting

Question - For the most recent accounting year, a company reported the following operating and cash activities:

Investments in other companies	(8,628)
Increase in inventories	(2,685)
Depreciation and amortization	35,254
Long-term debt repayment	(165,243)
Net income	28,961
Proceeds from issuance of common stock	13,485
Proceeds from sale of property and equipment	3,590
Payment of dividends	(6,255)
Proceeds from long-term debt issuance	61,785
Purchases of property and equipment	(25,400)
Decrease in accounts receivable	5,291
Decrease in accounts payable	(8,466)

Requirements:

1. Prepare the operating, investing and financing sections of the cash flow statement.

2. Explain the major sources and uses of cash for the year.

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