Question
Peavy Corp.'s transactions for the year ended December 31, 2018 included the following: Acquired 50% of Gant Corp.'s common stock for $300,000 cash which was
Peavy Corp.'s transactions for the year ended December 31, 2018 included the following:
Acquired 50% of Gant Corp.'s common stock for $300,000 cash which was borrowed from a bank.
Issued 5,000 shares of its preferred stock for land having a fair value of $480,000.
Issued 600 of its 11% debenture bonds, due 2023, for $588,000 cash.
Purchased a patent for $330,000 cash.
Paid $180,000 toward a bank loan.
Sold available-for-sale securities for $1,194,000.
Had a net increase in returnable customer deposits (long-term) of $132,000.
what was peavy's net cash provided by investing activities and net cash provided by financing activities for 2018
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