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)

7.7

Sale of preferred stock

151.7

Gain on sale of land

5.7

Proceeds from sale of land

26.7

Issuance of bonds payable for cash

141.7

Purchase of equipment for cash

31.7

Purchase of GE stock

36.7

Declaration of cash dividends

135.7

Payment of cash dividends declared in previous year

131.7

Purchase of treasury stock

121.7

Payment for the early extinguishment of

long-term notes (carrying (book) value: $100 million)

111.7

Required:

1.

In D-Roses statement of cash flows, what were net cash inflows (or outflows) from investing activities?

2.	In D-Roses statement of cash flows, what were net cash inflows (or outflows) from financing activities?