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Preparation of Statement of Cash FlowComponentsJEM Company's comparative balance sheets for 2016 and 2017 appearbelowDecember 31Assets 2017 2016 Cash$ 68,000$ 22,000Accounts receivable82,00066,000Inventory170,000189,000Land71,000110,000Equipment280,000200,000Accumulated depreciation–equipment(74,000)(42,000)Total$597,000$545,000Liabilities and Stockholders’ EquityAccounts payable$ 34,000$ 47,000Bonds payable150,000200,000Common stock ($1 par)170,000164,000Retained earnings243,000134,000Total$597,000$545,000Additional information:1. Net income for 2017 was $155,000; there were no gains orlosses.2. Cash dividends of $46,000 were declared and paid.3. Depreciation for 2017 is 32,000.Based on the information provided, answer the following:a. What was cash provided by operations? (4 points)b. What was cash provided by investing activity? (3 points)c. How much was cash provided by financing activity? (3points)