In preparation for creating its statement of cash flows for the 2021 fiscal year, Smeal Corp. reviewed the following information regarding events/transactions that occurred throughout the year: in $millions) Purchase of treasury bills (considered a cash equivalent) 16 Sale of Preferred Stock 150 Gain on sale of land 18 Proceeds from sale of land 55 Issuance of bonds payable for cash 80 Purchase of equipment for cash |40 Purchase of GE Stock 40 Declaration of cash dividends 145 Payment of cash dividends (declared in previous year) 125 Purchase of treasury stock 100 Payment for early extinguishment of long-term notes (with book value of $100 million) |105 Required: 1) Prepare the investing section of Smeal's statement of cash flows based on the information provided. 2) Prepare the financing section of Smeal's statement of cash flows based on the information provided