Maddox Corporation had the following activities in 2020. 

1. Sold land for $180,000. 

2. Purchased an FV-NI investment in common shares for $15,000. 

3. Purchased inventory for $845,000 with cash. 

4. Received $73,000 cash from bank borrowings. 

5. Received interest for $11,000. 

6. Purchased equipment for $495,000 in exchange for common shares. 

7. Issued common shares for $350,000 cash. 

8. Recorded an unrealized gain of $3,000 on investments accounted for using the fair value through net income (FV-NI) model. 

9. Purchased investments in bonds, reported at amortized cost for $61,000. 

10. Declared and paid a dividend of $18,000 (charged to retained earnings). 

11. Investments in bonds reported at amortized cost, with a carrying amount of $410,000, were sold for $415,000. 

12. Dividends of $4,000 were received on FV-NI investments. 

Calculate the amount that Maddox should report as net cash provided (used) by investing activities on its statement of cash flows under 

(a) IFRS and 

(b) ASPE. 

Under IFRS, Maddox would adopt the policy of classifying interest and dividends paid as financing activities, and interest and dividends received as investing activities.