Use the following Cash account to determine 

(a) cash flows used by investing activities and 

(b) cash flows provided by financing activities.

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Cash Balance, Dec. 31, prior year Receipts from customers . Receipts from equipment sale Receipts from issuing stock . 10,000 60,000 Payments for inventory 26,000 Payments for salaries 40,000 Payments for land. Payments for a copyright Payments for dividends. 31,000 20,000 50,000 17,000 3,000 ......... Balance, Dec. 31, current year . 15,000