Required information Exercise 21-13 (Algo) Identifying cash flows from investing activities and financing activities (LO21-5, 21- 6] [The following information applies to the questions displayed below.] In preparation for developing its statement of cash flows for the year ended December 31, 2021, Rapid Pac, Inc., collected the following information: Fair value of shares issued in a stock dividend Payment for the early extinguishment of long-term bonds (book value: $87.0 million) Proceeds from the sale of treasury stock (cost: $23.0 million) Gain on sale of land Proceeds from sale of land Purchase of Microsoft common stock Declaration of cash dividends Distribution of cash dividends declared in 2020 ($ in millions) $92.0 92.0 28.0 3.2 9.6 154.0 57.0 53.0