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In preparation for developing its statement of cash flows for the year just ended, D-Rose Distributors collected the following information ($ in millions) Purchase of
In preparation for developing its statement of cash flows for the year just ended, D-Rose Distributors collected the following information ($ in millions) Purchase of treasury bills (considered a cash equivalent) Sale of preferred stock Gain on sale of land Proceeds from sale of land Issuance of bonds payable for cash Purchase of equipment for cash Purchase of GE stock Declaration of cash dividends Payment of cash dividends declared in previous year Purchase of treasury stock Payment for the early extinguishment of 6.7 150.7 4.7 25.7 140.7 30.7 35.7 134.7 130.7 120.7 long-term notes (carrying (book) value: $100 million) 110.7 Required: 1. Prepare the investing activities section of D-Rose's statement of cash flows 2. Prepare the financing activities section of D-Rose's statement of cash flows (For all requirements, list any cash outflow with a minus sign. Enter your answer in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).) 1. million 2. million Net cash inflows from investing activities Net cash outflows from investing activities
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