Please compose a comprehensive response to the presented question and objective focus.

1) Cilca Corporation is a supplier to the pulp and paper industry.

Selected financial information about Cilca is listed below:

Purchased real estate for $440,000 in cash.

The cash was borrowed from a bank.

Sold investments for $400,000.

Paid dividends of $480,000.

Issued shares of common stock for $200,000.

Purchased machinery and equipment for $100,000 cash.

Paid $360,000 on a bank loan.

Reduced accounts receivable by $80,000.

. Increased accounts payable $160,000.

Sales for the period were $450,000

Use the above information to calculate Cilcas:

a. cash used or provided by operating activities: $___________ (show computation and details)

b. cash used or provided by financing activities: $___________ (show computation and details)