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PROBLEM 2: The following data relates to Patriots Co, financial statements of 19XI: (in millio Depreciation Expense $15 Net Income $190 Accounts Receivable on 12/31/1980

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PROBLEM 2: The following data relates to Patriots Co, financial statements of 19XI: (in millio Depreciation Expense $15 Net Income $190 Accounts Receivable on 12/31/1980 $40 Accounts Receivable on 12/31/19X1 $42 Inventory on 12/31/1980 $50 Inventory on 12/31/19X1 $62 Accounts Payable on 12/31/19X0 $20 Accounts Payable on 12/31/19X1 $35 Gain on Sale of Equipment $ 2 The gain on sale of equipment was recorded for equipment with net book value of $11, It was sold for cash. During the year, Patriots Co. retired bonds of $29, (as the bonds matured). During the year, Patriots Co. issued common stock for $50. During the year, Patriots Co. declared dividend of $20 and paid dividend of $32. During the year, Patriots Co. purchased equipment for $63 on credit. During the year, Patriots Co, sold common stock of Celtics company for $60 (all in cash). Prepare the part of Statement of Cash Flow, related to the Investing Activities

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