Garrett Company had the following activities for a recent year ended December $31$: Sold land that cost $$32,000$ for

$$32,000$ cash; purchased $$190,000$ of equipment, paying $$160,000$ in cash and signing a note payable for the rest; and

recorded $$6,700$ in depreciation expense for the year. Net income for the year was $$13,000.$

Compute $(1)$ cash provided by operating activities and $(2)$ cash used in investing activities for the year based on the data

provided. $($List cash outflows as negative amounts.$)$