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Required information Skip to question [The following information applies to the questions displayed below.] In preparation for developing its statement of cash flows for the

Required information

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[The following information applies to the questions displayed below.]

In preparation for developing its statement of cash flows for the year ended December 31, 2024, D-Krug Solutions, Incorporated collected the following information:

($ in millions)
Payment for the early extinguishments of long-term notes (book value: $50 million) $ 54
Sale of common shares 176
Retirement of common shares 122
Loss on sale of equipment 2
Proceeds from sale of equipment 8
Issuance of short-term note payable for cash 10
Acquisition of building for cash 7
Purchase of marketable securities (not a cash equivalent) 5
Purchase of marketable securities (considered a cash equivalent) 1
Cash payment for 3-year insurance policy 3
Collection of note receivable with interest (principal amount, $11) 13
Declaration of cash dividends 33
Distribution of cash dividends declared in 2023 30

Required:

1. In D-Krugs statement of cash flows, what were net cash inflows (or outflows) from investing activities for 2024?

Note: Cash outflows should be indicated with a minus sign. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).

2. In D-Krugs statement of cash flows, what were net cash inflows (or outflows) from financing activities for 2024?

Note: Cash outflows should be indicated with a minus sign. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).

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