The following T-account is a summary of the Cash account of Atwal Company. The company prepares its financial statements using ASPE: 

Instructions 

a. What amount of net cash provided (used) by investing activities should be reported in the statement of cash flows? 

b. What amount of net cash provided (used) by financing activities should be reported in the statement of cash flows?

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Balance, Jan. 1 Receipts from customers Cash (Summary) 8,000 364,000 6,000 36,000 300,000 316,000 Dividends on share investment Proceeds from sale of equipment Proceeds from issuance of bonds payable Balance, Dec. 31 Payments for goods 200,000 Payments for operating expenses 140,000 Interest paid 10,000 Taxes paid 8,000 Dividends paid 40,000