How much is the net cash used in:

1. investing activities
2. financing activities

Jupiter's Corp transactions for the year ended December 31, 2021 included the following: Sold long-term investment securities with the carrying value of P100,000 for P130,000 cash. . Cash dividends of P500,000 were declared but P340,000 were only paid during the period. Issued P10,000 ordinary shares for cash amounting to P220,000. . Purchased machinery and equipment for P1,300,000. Included in the total purchase was a machinery costing P100,000 acquired through issuance of long-term notes. Paid long-term bonds payable on maturity date amounting to P600,000. Purchased treasury shares for cash costing P80,000. . Obtained a short-term bank loan of P500,000. Depreciation expenses for the year was P210,000. Building costing P600,000 with accumulated depreciation of P350,000 was sold for P230,000. Gain on conversion of preference shares to ordinary shares of P95,000. . . Net income for the year was P800,000. How much is the net cash used in investing activities? a. 1,070,000 b. 970,000 C. 840,000 d. 940,000 How much is the net cash used in financing activities? a. 120,000 b. 300,000 c. 395,000 d. 460,000