Mississauga Mining Co. made a net income of $25 million in 2007, after the deduction of amortization expense of $8 million, interest of $5 million and taxes of $10 million. During 2007, it sold mining equipment for $2 million and bought a new computer system for $3 million. During 2007, it issued new shares for $15 million and used the proceeds to repay loans of $10 million; the remainder went into the banks current account. The change in cash was........($million) *

$21 (increase)

$25 (increase)

$5 (decrease)

$37 (increase)

none of the above

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During the whole of last year, the market value of shares in IC Inc. was $100 per share. At the start of last year, IC Inc. had 10,000 common shares in issue. During the year, the company issued a further 10,000 shares, all of which were awarded to managers as part of their remuneration package. The company also bought 1,000 shares from a retiring manager, which cost them $100,000. These shares were cancelled. The company also borrowed $2,500,000 to finance an expansion of the company into new markets. The company paid $250,000 as common share dividends. Calculate the cash from or cash used in financing activities.