Question 1

Required information [The following information applies to the questions displayed belo w.] the following information: Fair value of shares issued in a stock dividend Payment for the early extinguishment of longterm bonds (book value: $81.0 million) Proceeds from the sale of treasury stock (cost: $17.0 million) Gain on sale of land Proceeds from sale of land Purchase of Microsoft common stock Declaration of cash dividends Distribution of cash dividends declared in 2020 \\. Required: 1. In Rapid Pac's statement of cash flows, what were net cash inflows (or outflows) from investing activities for 2021? (Amounts to be deducted should be indicated with a minus sign. Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).) Cash Flows From Investing Activities: Net cash inows (outflows) from investing activities $ 0.0 In preparation for developing its statement of cash flows for the year ended December 31, 2021, Rapid Pac, |nc., collected ($ in millions) $ 68.0 86. 22. 2. 7. 142. 51. 47. 999000599