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*** using direct method *** Selected information from Jack-Jack Corporation's accounting records and financial statements for 2021 is as follows ($ in millions): Cash paid

*** using direct method *** Selected information from Jack-Jack Corporation's accounting records and financial statements for 2021 is as follows ($ in millions):

Cash paid to retire notes $ 90

Common shares acquired for treasury 150

Proceeds from issuance of common stock 210

Proceeds from sale of land 20

Cash dividends paid on preferred stock 75

Cash interest paid to bondholders 105

Purchase of Black, Inc., bonds 6

Gain on sale of land 12

a. Determine cash inflows or cash outflows (negative) from investing activities. (Hint: the table has more rows than needed) Description Amount Net cash flows from investing activities

Description Amount
Net cash flows from investing activities

b. Determine cash inflows or cash outflows (negative) from financing activities. (Hint: the table has more rows than needed) Description Amount Net cash flows from financing activities

Description Amount
Net cash flow from financing activities

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