Question
8 Part 1 of 2 10 points Required Information [The following information applies to the questions displayed below.] In preparation for developing its statement
8 Part 1 of 2 10 points Required Information [The following information applies to the questions displayed below.] In preparation for developing its statement of cash flows for the year ended December 31, 2021, Millennium Solutions, Inc. collected the following information: eBook Print Payment for the early extinguishments of long-term notes (book value: $99.0 million) Sale of common shares Retirement of common shares Loss on sale of equipment Proceeds from sale of equipment Issuance of short-term note payable for cash Acquisition of building for cash Purchase of marketable securities (not a cash equivalent) References Purchase of marketable securities (considered a cash equivalent) Cash payment for 3-year insurance policy Collection of note receivable with interest (principal amount, $31) Declaration of cash dividends Distribution of cash dividends declared in 2020 ($ in millions) $103.0 256.0 142.0 4.0 16.0 30.0 17.0 25.0 21.0 23.0 72.0 69.0 Required: 1. In Millennium's statement of cash flows, what were net cash inflows (or outflows) from investing activities for 2021? (Amounts to be deducted should be indicated with a minus sign. Enter your answers in millions rounded to 1 decimal place (l.e., 5,500,000 should be entered as 5.5).) Cash Flows From Investing Activities: Net cash inflows (outflows) from investing activities ($ in millions)
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