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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) | 7.0 | ||
Sale of preferred stock | 151.0 | ||
Gain on sale of land | 5.0 | ||
Proceeds from sale of land | 26.0 | ||
Issuance of bonds payable for cash | 141.0 | ||
Purchase of equipment for cash | 31.0 | ||
Purchase of GE stock | 36.0 | ||
Declaration of cash dividends | 135.0 | ||
Payment of cash dividends declared in previous year | 131.0 | ||
Purchase of treasury stock | 121.0 | ||
Payment for the early extinguishment of long-term notes (carrying (book) value: $100 million) | 111.0 | ||
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).)
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