Problem:
Stojko Corporation had a net decrease in cash of $12,500 for the current year. Net cash used in investing activities was $54,500 and net cash used in financing activities was $40,500.
Required:
Question: What amount of cash was provided (used) in operating activities?
A) 82,500 provided
B) (82,500) used
C) (12,500) used
D) 107,500 provided
E) (107,500) used
Note: Please describe comprehensively and provide step by step solution.