Kutcher Systems sold land, investments, and issued their own common stock for $11 million, $16 million, and $20 million, respectively. Kutcher also purchased treasury stock, equipment, and a patent for $1 million, $2 million, and $4 million, respectively.

Required: 1. What amount should the company report as net cash flows from investing activities? 2. What amount should the company report as net cash flows from financing activities?

Required 1

What amount should the company report as net cash flows from investing activities? (Negative value should be indicated by a minus sign. Enter your answer in millions.)

Net cash flow from investing activities

$

million

Required 2

What amount should the company report as net cash flows from financing activities? (Negative value should be indicated by a minus sign. Enter your answer in millions.)

Net cash flow from financing activities

$

million