Cilca Corporation Is a Supplier to the Pulp and Paper

Essay

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 Cilca's:
a.cash used or provided by operating activities
b.cash used or provided by financing activities