A company engaged in the following cash transactions during 2017:

Sale of land and building $200,000

Repurchase of companys own shares 22,000

Purchase of land 56,000

Payment of cash dividend 69,000

Purchase of equipment 34,000

Issuance of common shares 120,000

Retirement of bonds payable 220,000

REQ1) Calculate the net cash provided (used) by financing activities, under ASPE.

REQ2) Calculate the net cash provided (used) by financing activities, if financial statements is prepared in accordance with IFRS, if the policy is to treat dividends paid as operating activities.

Please show work