Brief Exercise 11-8 Calculate net cash flows from investing activities (LO11-4) Creative Sound Systems sold investments, tand, and its own common stock for $40 million, $16 million, and $42 million, respectively. Creative Sound Systems also purchased treasury stock, equipment, and a patent for $22 million, $26 million, and $13 million, respectively What amount should the company report as net cash flows from investing activities? (List cash outfiows and any decrease in cash as negative amounts. Enter your answers in millions (l.e., $10,100,000 should be entered as 10.1).) o CREATIVE SOUND SYSTEMS Statement of Cash Flows (partial) Cash flows from Investing activities Sale of land $ 16,000,000 Sale of investments 40,000,000 3 Purchase equipment (26,000,000) Purchase a patent (13,000,000) $ Net cash flows from investing activities 17 000 000 We were sports