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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: $86.0 million) $ 90.0
Sale of common shares 240.0
Retirement of common shares 138.0
Loss on sale of equipment 3.6
Proceeds from sale of equipment 14.4
Issuance of short-term note payable for cash 26.0
Acquisition of building for cash 15.0
Purchase of marketable securities (not a cash equivalent) 21.0
Purchase of marketable securities (considered a cash equivalent) 17.0
Cash payment for 3-year insurance policy 19.0
Collection of note receivable with interest (principal amount, $27) 29.0
Declaration of cash dividends 64.0
Distribution of cash dividends declared in 2023 61.0

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 rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).

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 rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).

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