Use Your Identities!

Algebra Level 2

$\Large\begin{aligned} \color{red}{x}\color{blue}{y} &= 7 \\ \color{red}{x}+\color{blue}{y} &= 5 \\ \color{red}{x}^3+\color{blue}{y}^3 &= \ \color{green}{?} \end{aligned}$