27.a

The following summary transactions occurred during the year for a company.

Cash received from:
Collections from customers	$382,000
Interest on notes receivable	7,000
Collection of notes receivable	52,000
Sale of investments	31,000
Issuance of notes payable	102,000
Cash paid for:
Purchase of inventory	162,000
Interest on notes payable	6,000
Purchase of equipment	87,000
Salaries to employees	92,000
Payment of notes payable	26,000
Dividends to shareholders	1,000

Required: Calculate net cash flows from investing activities. (Amounts to be deducted should be indicated with a minus sign.)

27.b

The following summary transactions occurred during the year for a company.

Cash received from:
Collections from customers	$399,000
Interest on notes receivable	15,500
Collection of notes receivable	69,000
Sale of investments	49,000
Issuance of notes payable	119,000
Cash paid for:
Purchase of inventory	179,000
Interest on notes payable	14,500
Purchase of equipment	104,000
Salaries to employees	109,000
Payment of notes payable	34,500
Dividends to shareholders	1,000

Required: Calculate net cash flows from financing activities. (Amounts to be deducted should be indicated with a minus sign.)