Please compose a comprehensive response to the presented question and objective focus. Additionally, you are required to provide responses to two submissions made by your classmates.

1) 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: $___________ (show computation and details)

b.cash used or provided by financing activities: $____________( show computation and details)