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In preparation for developing its statement of cash flows for the year ended December 31, 2021, Payment for the early retirement of long-term notes (book
In preparation for developing its statement of cash flows for the year ended December 31, 2021, Payment for the early retirement of long-term notes (book value: $100 million) Sale of common shares Retirement of common shares Loss on sale of equipment Proceeds from sale of equipment Issuance of short-term note payable for cash Acquisition of building Purchase of marketable securities (Available-for-sale) Purchase of marketable securities (Trading) Cash payment for 3-year insurance policy Collection of principal amount loaned Declaration of cash dividends Distribution (payment) of cash dividends declared in 2020 ($ in millions) $108 352 244 8 16 20 14 10 2 3 26 66 60 NOTE: (For all requirements, list any cash outflow with a minus sign. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) Instructions: 1. Prepare the Operating activities section of Stratege4u's statement of cash flows for 2021 and put your final answer for the net cash provided by the Operating activities below. 2. Prepare the Investing activities section of Stratege4u 's statement of cash flows for 2021 and put your final answer for the net cash used by the Investing activities below. 3. Prepare the Financing activities section of Stratege4u's statement of cash flows for 2021 and put your final answer for the net cash flows from the Financing activities below. Answers: 1. Net cash provided by the Operating activities $ Million 2. Net cash used by the Investing activities $ Million 3. Net cash provided by the Financing activities $ Million
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