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! Required information [The following information applies to the questions displayed below.] In preparation for developing its statement of cash flows for the year
! Required information [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, Rapid Pac, Incorporated, collected the following information: Fair value of shares issued in a stock dividend Payment for the early extinguishment of long-term bonds (book value: $78.0 million) Proceeds from the sale of treasury stock (cost: $14.0 million) Gain on sale of land Proceeds from sale of land Purchase of Microsoft common stock Declaration of cash dividends Distribution of cash dividends declared in 2023 ($ in millions) $ 56.0 83.0 19.0 2.3 6.9 136.0 48.0 44.0 2. In Rapid Pac's 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). Cash Flows from Financing Activities: Net cash inflows (outflows) from financing activities ($ in millions)
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