Asset Financing & Cash Flows

Purple Bird Ltd. ("PBL") is a company that specializes in manufacturing custom stickers for other companies who want to advertise their brand in various places, for example on cars, store windows, laptops, etc. As such, PBL requires specialized machinery to produce the final products. Below is a summary of the company's relevant information.

Financial statement category	As at Dec. 31, 2021	As at Dec. 31, 2020
PP&E - machinery	$2,000,000	$1,200,000
Accum. depreciation - machinery	$1,000,000	$750,000
PP&E - office furniture	$150,000	$180,000
Accum. depreciation - office furniture	$120,000	$150,000
Current portion of long-term debt	$320,000	$0
Long-term debt	$320,000	$0
Common shares	$375,000	$300,000
Retained earnings	$2,700,000	$2,350,000
Net income (for the year)	$450,000	$315,000

On July 1^st, PBL purchased a new specialized machine to allow for custom printing of stickers with a more durable material. The machine cost $800,000. To finance the purchase, PBL obtained a 5-year bank loan for the same amount earlier in the day on July 1^st and made a quarterly principal payment of $80,000 on September 30th and December 31st.

Additionally, PBL had to dispose of some damaged furniture that was fully depreciated (with a residual value of $0) and originally cost $30,000 back in 2015. Surprisingly, PBL was able to generate a $3,000 gain on the disposal of the asset as the furniture was "back in style".

Cash dividends were paid on October 15^th 2021.

Required:

1. Preparepartial cash flow statement showing theinvesting activities and financing activities sections only,for the year ended Dec. 31, 2021. Youdo notneed to prepare the operating activities section.