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Exercise 21-14 (Algo) Identifying cash flows from investing activities and financing activities [LO21-5, 21-6]

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In preparation for developing its statement of cash flows for the year ended December 31, 2021, Millennium Solutions, Inc. collected the following information:

	($ in millions)
Payment for the early extinguishments of long-term notes (book value: $65.0 million)	$	69.0
Sale of common shares		212.0
Retirement of common shares		131.0
Loss on sale of equipment		2.9
Proceeds from sale of equipment		11.6
Issuance of short-term note payable for cash		19.0
Acquisition of building for cash		11.5
Purchase of marketable securities (not a cash equivalent)		14.0
Purchase of marketable securities (considered a cash equivalent)		10.0
Cash payment for 3-year insurance policy		12.0
Collection of note receivable with interest (principal amount, $20)		22.0
Declaration of cash dividends		50.0
Distribution of cash dividends declared in 2020		47.0

Exercise 21-14 (Algo) Part 2

2. In Millenniums statement of cash flows, what were net cash inflows (or outflows) from financing 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).)