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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: (s 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: (s in millions) Purchase of treasury bills (considered a cash equivalent) 7.5 Sale of preferred stock 151.5 Gain on sale of land 5.5 Proceeds from sale of land 26.5 Issuance of bonds payable for cash 141.5 Purchase of equipment for cash 31.5 Purchase of GE stock 36.5 Declaration of cash dividends 135.5 Payment of cash dividends declared in previous year 131.5 Purchase of treasury stock 121.5 Payment for the early extinguishment of long-term notes (carrying (book) value: $100 million) 111.5 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 2. million million Net cash inflows from investing activities Net cash outflows from investing activities
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