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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)6.1
  Sale of preferred stock150.1  
  Gain on sale of land4.1  
  Proceeds from sale of land25.1  
  Issuance of bonds payable for cash140.1  
  Purchase of equipment for cash30.1  
  Purchase of GE stock35.1  
  Declaration of cash dividends134.1  
  Payment of cash dividends declared in previous year130.1  
  Purchase of treasury stock120.1  
  Payment for the early extinguishment of
         long-term notes (carrying (book) value: $100 million)110.1  


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?


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