Use the following information for questions 7 and 8 Harlan Mining Co. has recently decided to go public and has hired you as an independent CPA One statement that the enterprise is anxious to have prepared is a statement of cash flows Financial statements of Harlan Mining Co. for 2011 and 2010 are provided below. Balance Sheet 12/31/11 12/31/10 Cash 204,000 96,000 Accounts receivable 180,000 108,000 Merchandise inventory 180,000 230.000 Property, plant and equipment 304,000 480,000 Less accumulated depreciation (160,000) 144,000 (152 000) 328.000 Patents 12,000 10,000 720,000 772.000 Accounts payable 88,000 Income taxes payable Bonds payable Common stock Retained earnings 176,000 48,000 196,000 180,000 300.000 108,000 108,000 168,000 120,000 720.000 772.000 Income Statement For the fiscal year 2011 Sales 4,200.000 Cost of sales 3,576,000 Gross profit 624,000 Selling expense 300,000 Administrative expenses 96,000 396,000 Income from operations 228,000 Interest expense 36,000 192,000 48,000 144.000 Income before taxes Income taxes Net income The following additional data were provided: 1. Dividends for the year 2011 were $ 2. During the year, equipment was sold for $120,000. This equipment cost $176,000 originally and had a book value of $144,000 at the time of sale. The loss on sale was incorrectly charged to cost of sales. 3. All depreciation expense is in the selling expense category. Question 7: The net cash provided by investing activities is? Question 8: The met cash provided by financing activities is?