Sheffield Corporation had the following activities in $2023$:

Sold land for $$204,000.$

Purchased an FV$-$NI investment in common shares for $$14,300.$

Purchased inventory for $$863,000$ with cash.

Received $$72,700$ cash from bank borrowings.

Received interest for $$11,400.$

Purchased equipment for $$486,000$ in exchange for common shares.

Issued common shares for $$358,000$ cash.

Recorded an unrealized gain of $$4,150$ on investments accounted for using the FV$-$NI model.

Purchased investments in bonds, reported at amortized cost for $$60,650.$

Declared and paid a dividend of $$15,600($charged to retained earnings$).$

Sold investments in bonds reported at amortized cost, with a carrying amount of $$405,200,$ for $$417,000.$

Received dividends of $$5,700$ on FV$-$NI investments.

$($a$)$

Calculate the amount that Sheffield should report as net cash provided $($used$)$ by investing activities on its

statement of cash flows under IFRS. Under IFRS, assume Sheffield adopts the policy of classifying interest and

dividends paid as financing activities, and interest and dividends received as investing activities. $($Show amounts

that decrease cash flow with either a negative sign e$.$g$.-15,000$ or in parenthesis e$.$g$.(15,000).)$

$($b$)$

Your answer is partially correct.

Calculate the amount that Sheffield should report as net cash provided $($used$)$ by investing activities on its

statement of cash flows under ASPE. $($Show amounts that decrease cash flow with either a negative

sign e$.$g$.-15,000$ or in parenthesis e$.$g$.(15,000).)$