Cash Debit Balance, December 31, prior year Receipts from customers Receipts from equipment sale Receipts from issuing stock 10,000 Credit 60,000 Payments for inventory 26,000 Payments for salaries 40,000 Payments for land Payments for a copyright Payments for dividends 15,000 31,000 20,000 50,000 17,000 3,000 Balance, December 31, current year Use the above Cash account to determine (a) cash flows used by investing activities and (b) cash flows provided by financing activities. a. Cash used by investing activities b. Cash provided by financing activities