Exercise 21-14 (Algo) Identifying cash flows from investing activities and financing activities (LO21-5, 21- 6) (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: ($ in millions) Payment for the early extinguishments of long-term notes (book value: $68.0 million) $ 72.0 Sale of common shares 216.0 Retirement of common shares 132.0 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) Purchase of marketable securities (considered a cash equivalent) 11.0 Cash payment for 3-year insurance policy Collection of note receivable with interest (principal amount, $21) 23.0 Declaration of cash dividends Distribution of cash dividends declared in 2020 49.0 3.0 12.0 20.0 12.0 15.0 13.0 52.0 2. In Millennium's statement of cash flows, what were net cash inflows (or outflows) from financing activities for 2021? (Amounts to be deducted should be indicated with a minus sign. Enter your answers in millions rounded to 1 decimal place (I.e., 5,500,000 should be entered as 5.5).) Answer is not complete. ($ in millions) $ 48.0 132.0 $ Cash Flows from Financing Activities: Repayment of long-term notes Sale of common shares Retirement of common shares Issuance of short-term note payable for cash Distribution of cash dividends 132.0 Net cash inflows outflows) from financing activities $ 312.0