Ako Co's accountant is preparing the company's Statement of Cash Flows for 200B.Selected information that may be helpful in the preparation of the Statement is as follows:

Dec 31 200B

Dec 31 200A

Increase (Decrease)

Cash

53,760

10,400

43,360

Accounts Receivable

62,000

48,800

13,200

Inventories

66,720

69,360

(2,640)

Accounts Payable

41,680

40,080

1,600

From the 200B income statement:

Sales526,640

Operating Expenses464,000

Income Before Tax62,640

Income Tax28,240

Net Income34,400

Other Information:

Included in the operating expenses are:

oLoss of 1,920 resulting from the sale of an equipment for 21,600 cash

oDepreciation expense 70,400

The Company purchase machinery for 60,000 cash during the year

The income tax shown on the income statement was paid in full during the year

During the year, the company declared and paid dividends of 16,000

Requirement:

1.How much is the net cash flows from investing activities?

2.How much is the net cash flows from financing activities?