(Answered) Question - olympic inc had the following positive and

Accounting

Question - Olympic inc had the following positive and negative cash flows during the current year

Positive Cash Flows:

Recieved from Customers - $240,000

Interest & Dividends - $50,000

Sale of plant assets - $330,000

Negative Cash Flows

Paid to suppliers and employees - $127,000

Purchase of Investments - $45,000

Purchase of treasury stock - $36,000

Determine the amount of cash used for or provided by for operating activities by the direct method.

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