The differences in some of Beal Inc.'s Balance Sheet accounts at December 31, 20X4 and 20X3, are presented below: Increase (Decrease)
Assets
Cash and cash equivalents $120,000
Short-term investments 300,000
Accounts receivable, net –0–
Inventory 80,000
Long-term investments -100,000
Plant assets 700,000
Accumulated depreciation –0–
$1,100,000
Liabilities and Stockholders’ Equity
Accounts payable and accrued liabilities ($5,000)
Dividends payable 160,000
Short-term bank debt 325,000
Long-term debt 110,000
Common stock, $10 par 100,000
Additional paid-in capital 120,000
Retained earnings 290,000
$1,100,000

The following information is related to 2008:

• Net income of $790,000.
• Declared cash dividends of $500,000.
• Sold a building costing $600,000 and having a carrying amount of $350,000 for $350,000.
• Acquired equipment costing $110,000 through the issuance of long-term debt.
• Sold a long-term investment for $135,000. There were no other transactions affecting long-term investments.
• Issued 10,000 shares of common stock for $22 a share.

Required:

In Beal’s 20X4 statement of cash flows, determine:

1. Net cash provided by operating activities.
2. Net cash used in investing activities.
3. Net cash provided by financing activities.