! 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, 2021, Rapid Pac, Inc., collected the following information: (5 in millions) $ 88.0 Fair value of shares issued in a stock dividend Payment for the early extinguishment of long-term bonds (book value: $56.0 million) Proceeds from the sale of treasury stock (cost: $22. sllion) 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 91.0 27.e 3.1 9.3 152.0 56.0 52.0 Required: 1. In Rapid Pac's statement of cash flows, what were net cash inflows (or outflows) from investing 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).) Cash Flows. From Investing Activities (5 in millions) 1 Assignment Saved long ter bonds book value: 586. million) Proceeds from the sale of treasury stock (cost: 522.0 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 91.0 27.0 3.1 9. 152.0 56.0 52.0 Required: 1. In Rapid Pac's statement of cash flows what were net cash inflows (or outflows) from Investing 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).) (5 in millions) Cash Flows From Investing Activities Net cash inflows outflows) from investing activities 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, 2021, Rapid Pac, Inc.. collected the following information: (sin millions) $ 8.0 Fair value of shares issued in stock dividend Payment for the early extinguishment of long tere bonds (book value $86.0 million) Proceeds from the sale of treasury stock (cost: $22.9 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 91.0 27.0 3.1 9. 152.0 56.0 52.0 2. In Rapid Pac's 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.., 5,500,000 should be entered os 5.5).) is in millions) Cash Flows from Financing Activities $ 88.0 Fair value of shares issued in a stock dividend Paysent for the early extinguishment of Long term bonds (book value: $86.0 million) Proceeds from the sale of treasury stock (cost: $22.0 million) Gain on sale of land Proceeds from sale of land Purchase of Microsoft Common stock Declaration of cash dividends Distribution of cash dividends declared in 2020 22.0 3.1 9.3 152.0 56.0 52.0 2. In Rapid Pac's statement of cash flows, what were net cash inflows for outflows) from financing activities for 2021? (Amounts to be deducted should be indicated with a minus sign. Enter your answers in millions rounded to 1 decimal place (ie, 5,500,000 should be entered as 5.5).) ($ in milliono) Cash Flows from Financing Activities Net cashindows outfiows) from financing activities
