Sobeys Inc. is one of Canada's two national retail grocery and food distributos. The company owns or

Sobeys Inc. is one of Canada's two national retail grocery and food distributořs. The company owns or franchises more than 1,300 corporate and franchised stores in all 10 provinces under retail banners that include Sobeys, Garden Market IGA, IGA, IGA Extra, and Price Chopper. In a recent year, it reported the following activities (in millions):

Required:
1. Based on this information, prepare the investing and financing activities sections of the statement of cash flows.
2. What do you think was management's plan for the use of the cash generated by the sale of discontinued operations?

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Profit $265.7 Purchases of property and equipment 431.0 Increase in trade payables and accrued liabilities 138.7 Issue of shares 129.1 Depreciation and amortization 324.8 Proceeds from sale of discontinued operations 78.0 Repayment of long-term borrowings 307.7 Increase in trade receivables 27.8 Payment of cividends 46.1