Question 2

In preparation for developing its statement of cash flows for the year ended December 31, 2021, Rapid Pac, |nc., collected the following information: ($ in millions) Fair value of shares issued in a stock dividend $ 68.0 Payment for the early extinguishment of longterm bonds (book value: $81.0 million) 86.0 Proceeds from the sale of treasury stock (cost: $17.0 million) 22.0 Gain on sale of land 2.6 Proceeds from sale of land 7.8 Purchase of Microsoft common stock 142.0 Declaration of cash dividends 51.0 Distribution of cash dividends declared in 2020 47.0 2. In Rapid Pac's statement of cash flows, what were net cash inflows (or outflows) from nancing 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 Financing Activities: Net cash inows (outflows) from nancing activities