In preparing its cash flow statement for the year ended December 31, year 1, Reve Co. collected the following data:
Gain on sale of equipment $ (6,000) Proceeds from sale of equipment 10,000 Purchase of A.S., Inc. bonds (par value $200,000) (180,000) Amortization of bond discount 2,000 Dividends declared (45,000) Dividends paid (38,000) Proceeds from sale of treasury stock (carrying amount $65,000) 75,000 In its December 31, year 1 statement of cash flows,
1. What amount should Reve report as net cash used in investing activities?
2. What amount should Reve report as net cash provided by financing activities?