Remaining Time: 3 hours, 16 minutes, 36 seconds. Question Completion Status: Cash.. w December 31, 2020 2019 Assets $ 110,000 $50,000 Temporary investments..... 150,000 Accounts receivable (net)... 255,000 255,000 Inventory.. . ........... 345,000 300,000 Long-term investments..... ............................... 100,000 150,000 Property, plant and equipment... ... 850,000 . 500,000 Accumulated depreciation..... .... (225,000) (225,000) Goodwill... 45,000 50,000 Total assets............... $ 1,630,000 $1,080,000 Liabilities and Shareholders' Equity Accounts payable..... $ 415,000 $360,000 Long-term note payable. 145,000 Common shares........ 600,000 475,000 Retained earnings.............. 470,000 245,000 Total liabilities and shareholders' equity... $ 1,630,000 $ 1,080,000 Other information relating to 2020 activities: 1. Net income was $375,000. 2. Cash dividends of $ 150,000 were declared and paid. 3. Equipment costing $ 250,000, with a book value of $ 80,000, was sold for $ 90,000. Along-term investment was sold for $ 80,000. There were no other transactions affecting long-term investments. 5,000 common shares were issued for $25 a share. Temporary Investments consist of treasury bills maturing on June 30, 2020 Required A. Calculate the cash used in investing activities in 2020 (5 marks) B. Calculate the cash provided by financing activities in 2020 (5 marks) TT T Arial3 (120 wo