Exercise 16-14 (Algo) Using the cash account to determine cash flows LO P3 Debit Balance, December 31, prior year Receipts from customers Receipts from equipment sale Receipts from issuing stock Cash Credit 12,400 74,400 Payments for inventory 32,000 Payments for salaries 49,600 Payments for land Payments for a copyright Payments for dividends 18,600 38,200 24,800 62,000 20,600 4,200 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