Investing and Financing Cash Flows

Century Airlines had the following transactions during the year ended 2023:

Transaction (Amount in $ million)

Reacquired 10,000 shares of common stock 52

Sale of land proceeds 42

Purchase of an office building 210

Issued 5,000 shares of common stock 24

Cash dividend declared during 2023 14

Gain on sale of land 19

Cash dividend distributed during 2023 8

Cash received on a note receivable ($15 represents interest) 45

Purchase of trading securities (classified as a cash equivalent) 32

Property dividend distributed 7

1. Calculate the net investing cash inflow or outflow for Century Airlines during 2023

2. Calculate the net financing cash inflow or outflow for Century Airlines during 2023