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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 December

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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 December 31, 2021, Rapid Pac, Inc., collected the following information is ons $10.0 Faie value of shares issued in a stock dividend Payment for the early extinguishment of long-terboods book value: $90.0 million) Proceeds from the sale of treasury stock (cost: $26.0 million) Gain on sale of land Proceeds from sale of land Purchase of Microsoft Connon stock Declaration of cash dividends Distribution of cash dividends declared in 2020 95.0 31.0 3.5 10.5 100.0 60. 57.0 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 (le, 5,500,000 should be entered os 5.5).) 15 millions Cash Flows From Investing Activities Netcash inflows outros) from investing activities 00 Required Information [The following information applies to the questions displayed below) in preparation for developing is statement of cash flows for the year ended December 31, 2021, Rapid Pac, Inc., collecte the following information (s in lions) $100.0 95.0 Fan value of shares assued in a stock dividend Payment for the early extinguishment of long-term bonds book value $98.0 mallion) Proceeds from the sale of treasury stock (cost: 526.0llion) Gain on a land Proceeds from all of land Purchase of Microsoft common stock Declaration of cash dividends Distribution of cash dividends declared in 2020 31. 3.5 10.5 50.0 57.0

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