Killarney Holdings Ltd's comparative balance sheet at December 31, 2014 is presented below. Killarney's profit for the year was $88,510. Land was acquired for future expansion. Equipment and a long-term investment were purchased during the year, but none were sold. Dividends were paid to the common shareholders. 
Instructions
a. Determine cash flow provided (used) by operating activities. Show all calculations.
b. Determine cash flow provided (used) by investing activities. Show all calculations.
c. Determine cash flow provided (used) by financing activities. Show all calculations.
Definitions:
Foreign Assets
Assets held in a country by foreign residents and businesses, which can include stocks, bonds, real estate, and other types of investments.
Domestic Investment
Investment in the financial assets and physical infrastructure within a country's own borders.
National Saving
The sum of private and public savings in an economy, representing the total amount of savings generated within a country.
Budget Deficit
The financial situation where an entity's expenditures exceed its revenues.
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