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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: Purchase of treasury bills (considered

In preparation for developing its statement of cash flows for the year just ended, D-Rose Distributors collected the following information: Purchase of treasury bills (considered a cash equivalent) Sale of preferred stock Gain on sale of larid 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 long-term notes (carrying (book) value: $100 million) Required: 1. In D-Rose's statement of cash flows, what were net cash inflows (or outflows) from investing activities? 2. In D-Rose's statement of cash flows, what were net cash inflows (or outflows) from financing activities? You must show your computations to receive any credit. ($ in millions) 6 150 4 25 140 30 35 134 130 120 110image text in transcribed

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