Garrett Company had the following activities for a recent year ended December 31 : Sold land that cost $24,000 for $24,000 cash; purchased $183,000 of equipment, paying $162,000 in cash and signing a note payable for the rest; and recorded $7,200 in depreciation expense for the year. Net income for the year was $12,000. Compute (1) cash provided by operating activities and (2) cash used in investing activities for the year based on the data provided. Note: List cash outflows as negative amounts