The information in the table is from the statement of cash flows for a company at four different points in time (A, B, C, and D). Negative values are presented in parentheses.

Point in Time

A

B

C

D

Cash provided by operations

$ (60,000)

$ 30,000

$120,000

$(10,000)

Cash provided by investing

(100,000)

25,000

30,000

(40,000)

Cash provided by financing

70,000

(110,000)

(50,000)

120,000

Net income

(40,000)

10,000

100,000

(5,000)

Instructions

For each point in time, state whether the company is most likely in the introductory phase, growth phase, maturity phase, or decline phase. In each case explain your choice.