Presented Below Are Items from Joplin Shoes' Statement of Cash

Essay

Presented below are items from Joplin Shoes' statement of cash flows for 2017.
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$\begin{array}{lr}\text { Cash flows provided by operating activities } & \$ 75,000 \\\text { Cash flows provided by financing activities } & 115,000 \\\text { Cash at the beginning of the year } & 60,000 \\\text { Cash flows used by investing activities } & (100,000)\end{array}$ A)Determine whether Joplin Shoes' cash increased or decreased during the year.
B)How much cash does Joplin Shoes have at the end of 2016?
C)What is the purpose of the statement of cash flows?