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Watson Company's comparative balance sheet and income statement for last year appear below:

Watson Company's comparative balance sheet and income statement for last year appear below:
Ending balance beginning balance
cash 44000 40000
accounts receivable 39000 45000
inventory 62000 48000
prepaid expenses 10000 5000
long term investments 200000 180000
property,plant and equipment 450000 450000
less accumulated depreciation 263000 235000
total assets 542000 533000

account payable 55000 60000
accrued liabilities 28000 21000
income taxes payable 39000 38000
bonds payable 50000 120000
common stock 140000 120000
retained earning 230000 174000
total liabilities and stockholders' equity 542000 533000

income statement
sales 950000
cost of goods sold 460000
gross margin 490000
selling and administrative expense 340000
net operating income 150000
income taxes 45000
net income 105000

The company declared and paid a cash dividend during the year. It did not purchase or dispose of any property, plant, and equipment. It did not issue any bonds or repurchase any of its own common stock. The following questions pertain to the company's statement of cash flows.
The net cash provided by (used in) operating activities last year was:
$123,000
$87,000
$105,000
$133,000

The net cash provided by (used in) investing activities last year was:
$119,000
$(119,000)
$(20,000)
$20,000
The net cash provided by (used in) financing activities last year was:
$(99,000)
$(50,000)
$99,000
$50,000

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