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Deandre Drilling Co. has recently decided to go public and has hired you as an independent CPA. One statement that the enterprise is anxious to have prepared is a statement of cash flows. Financial statements of Harlan Mining Co. for 2022 and 2021 are provided below. BALANCE SHEETS 12/31/22 12/31/21 Cash $408,000 $ 192,000 Accounts receivable 360,000 216,000 Inventory 384,000 480,000 Property, plant and equipment $608,000 $960,000 Less accumulated depreciation (320,000) 288,000 (304.000) 656,000 $1.440.000 $1.544.000 Accounts payable $ 176,000 $ 96,000 Income taxes payable 352,000 392,000 Bonds payable 360,000 600,000 Common stock 216,000 216,000 Retained earnings 336,000 240.000 $1.440,000 $1.544.000 INCOME STATEMENT For the Year Ended December 31, 2022 Sales revenue $8,400,000 Cost of sales 7.152.000 Gross profit 1,248,000 Selling expenses $600,000 Administrative expenses 192,000 792.000 Income from operations 456,000 Interest expense 72.000 Income before taxes 384,000 Income taxes 96.000 Net income $ 288.000 The following additional data were provided: 1. Dividends for the year 2022 were $192,000. 2. During the year, equipment was sold for $240,000. This equipment cost $352,000 originally and had a book value of $288,000 at the time of sale. The loss on sale was incorrectly charged to cost of sales. 3. All depreciation expense is in the selling expense category INSTRUCTION: A B. Compute the net cash provided (used) by investing activities C. Compute the net cash provided (used) by financing activities

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