Exercise 2: ABC Company provided the following information on selected transactions during 2016: Dividends paid to preference shareholders $ 150,000 Loans made to affiliated corporations 750,000 Proceeds from issuing bonds 900,000 Proceeds from issuing preference shares 1,050,000 Proceeds from sale of equipment 450,000 Purchases of inventories 1,200,000 Purchase of land by issuing bonds 300,000 Purchases of treasury shares 600,000 Calculate the net cash provided (used) by investing activities during 2016: Calculate the net cash provided (used) by financing activities during 2016