2. Luke Corporation is a manufacturer of home furnishings. Selected financial information about Luke is listed below Borrowed $850,000 from a bank. Purchased equipment for $210,000 in cash. Purchase investments for $285,000. Received dividends of $51,000 from an investment in Davis Corp. Paid dividends of $55,000. Issued shares of preferred stock for $500,000. Repurchased outstanding common shares using $100,000 in cash. Purchased land for $100,000 cash. Paid $36,000 interest expense on a bank loan. Increased Inventories by $320,000 Increased accounts receivable by $217,000. Increased accounts payable $85,000. Use the above information to calculate Luke's: a cash used or provided by investing activities b. cash used or provided by financing activities 25 points