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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 ended
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: Fair value of shares issued in a stock dividend Payment for the early extinguishment of Long-term bonds (book value: $82.0 million) Proceeds from the sale of treasury stock (cost: $18.0 million) Gain on sale of land' Proceeds from sale of land Purchase of Microsoft common stock: Declaration of cash dividends Distribution of cash dividends declared in 2020 ($ in millions) $ 72.0 87.0 23.0 2.7 8.1 144.0 52.0 48.0 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).)
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