You must also show all steps in your calculation .

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 (5 points)

b. cash used or provided by financing activities b ( 5 points)