Question 3

Creative Sound Systems sold investments, land, and its own common stock for $32 million $15.2 million, and $40.4 million, respectively. Creative Sound Systems also purchased treasury stock, equipment, and a patent for $21.2 million, $25.2 million, and $12.2 million, respectively. What amount should the company report as net cash flows from investing activities? (List cash outflows and any decrease in cash as negative amounts. Enter your answer in millions. (i.e., $10,000,000 should be entered as 10).) Book CREATIVE SOUND SYSTEMS Statement of Cash Flows (partial) Cash flows from investing activities rences Net cash flows from investing activities