During fiscal year 2016, Ellis Bakery reported a net income of $130.7 million. Ellis Bakery received $1.4 million from the sale of other businesses. Ellis Bakery made capital expenditures of $10.6 million and sold property, plant, and equipment for $7.5 million. The company purchased long-term investments at a cost of $12.1 million and sold other long-term investments for $3.1 million.
Requirement
Prepare the investing activities section of Ellis Bakery's statement of cash flows. Based solely on Ellis Bakery's investing activities, does it appear that the company is growing or shrinking? How can you tell?