In preparing its financial statements for December 31, 2011, Razmataz Company reported the following information:

Item Amount

Gain on sale of equipment ($6,000)

Proceeds from Sale of Equipment $10,000

Purchase of ABC Company bonds (Par value of $200,000) ($180,000)

Amortization of bond discount $2,000

Dividends declared ($45,000)

Dividends Paid ($38,000)

Proceeds from sale of Treasury Stock (Carrying amount $65,000) $75,000

a. Calculate the amount that should be reported as net cash used in Investing

b. Calculate the amount that should be reported as net cash from financing activities.