Given the following selected information, determine the net cash flows from investing activities and the net cash flows from financing activities:
a) Net income was $189,500 for the period.
b) Purchased 10,000 shares of common stock at $15 per share for the treasury.
c) Sold equipment with a carrying value of $32,500 at a gain of $6,000.
d) Purchased land and a building worth $450,000 by signing a ten-year note payable.
e) Issued $1,000,000 in bonds at par.
f) The beginning and ending retained earnings account balances were $418,000 and $534,000, respectively. There were no prior period adjustments during the period.
g) Wrote a check for $648,000 for the purchase of machinery.
h) Sold long-term investments in marketable securities with a $50,000 carrying value, at a loss of $17,500.
i) Cash dividends were declared and paid during the period.