XYZ's Cash Flow (S in millions) Cash received from: Customers Interest on investments Sale of land Sale of Rowdy's common stock Issuance of debt securities $ 1.800 200 100 600 2,000 Cash paid for: Interest on debt S 300 Income tax 80 Debt principal reduction 1,500 Purchase of equipment 4,000 Purchase of inventory 1,000 Dividends on common stock 200 Operating expenses 500 XYZ would report net cash inflows (outflows) from operating activities in the amount of $120 million $420 million (580) million $200 million XYZ's Cash Flow (S in millions) Cash received from: Customers Interest on investments Sale of land Sale of Rowdy's common stock Issuance of debt securities $ 1.800 200 100 600 2,000 Cash paid for: Interest on debt S 300 Income tax 80 Debt principal reduction 1,500 Purchase of equipment 4,000 Purchase of inventory 1,000 Dividends on common stock 200 Operating expenses 500 XYZ would report net cash inflows (outflows) from operating activities in the amount of $120 million $420 million (580) million $200 million