III. Preparation of statement of cash flows - investing and financing activities (14 points) In preparation for developing its statement of cash flows for the year ended December 31, 2020, Walla Walla Distributors collected the following information: ($ in millions) Purchase of treasury bills (considered a cash equivalent) Sale of preferred stock 150 Gain on sale of land Proceeds from sale of land 25 Issuance of bonds payable for cash 140 Purchase of equipment for cash Purchase of Zo stock Declaration of cash dividends 134 Payment of cash dividends declared in previous year 130 Purchase of treasury stock 120 Payment for the early extinguishment of long-term notes (carrying (book) value: $100 million) 110 30 Required: 1. In good form, prepare the investing activities section of Walla Walla's cash flow statement 2. In good form, prepare the financing activities section of Walla Walla's cash flow statement