(1) Please use the information provided above to show only the Cash Flows from Operating Activities in the format of indirect method.

(2) Please use the information provided above to show only the Cash Flows from Financing Activities.

Assets: Cash Accounts receivable Allowance for doubtful accounts Inventory Short-term investment Machinery Accumulated depreciation on Machinery Buildings Accumulated depreciation on Buildings Long-term Investments Land Totals December 31 2016 2015 $ 40,500 $ 32,750 70,500 60,000 (2,250) (1,500) 30,000 24,000 1,500 1,000 30,000 18,750 (5,625) (2,250) 67,500 56,250 (13,500) (9,000) 22,250 38,500 7,500 $248,375 $226,000 7,500 Liabilities and Shareholders' Equity Accounts payable Salary payable Long-term notes payable Ordinary share capital Retained earnings Total 35,000 24,750 3,375 2,625 13,000 31,000 133,000 125,000 64,000 42,625 $248,375 $226,000 Duke's 2016 income statement is as follows: Sales $540,000 Less: Cost of goods sold (380,000) Gross profit $160,000 Less: Depreciation expenses (8,625) Less: Loss on sale of machinery (800) Less: Bad debt expenses (5,400) Less: Salary expenses (106,425) Income from operations 38,750 Other: Gain on sale of long-term investment 3.750 Net income $ 42,500 Additional information for 2016 is as follows (ignoring taxes): 1. Accounts payable" is only for the purchase of inventory; Salary payable" is only for salaries. 2. Short-term Investments of $500 were purchased using cash. 3. Long-term Investments that cost $25,000 were sold during the year for $28,750 cash. 4. Machinery that cost $3,750, on which $750 of depreciation had accumulated, was sold for $2,200 cash. 5. There is no sale of buildings. 6. $8,000 of the long-term notes payable was paid by issuing ordinary stock shares. 7. The purchases of non-current assets (i.e., equipment, building, investment, land), if any, are all cash-based transactions