In preparation for developing its statement of cash flows for the year just ended, D-Rose Distributors collected the following information:

($ in millions) Purchase of treasury bills (considered a cash equivalent) 6.9 Sale of preferred stock 150.9 Gain on sale of land 4.9 Proceeds from sale of land 25.9 Issuance of bonds payable for cash 140.9 Purchase of equipment for cash 30.9 Purchase of GE stock 35.9 Declaration of cash dividends 134.9 Payment of cash dividends declared in previous year 130.9 Purchase of treasury stock 120.9 Payment for the early extinguishment of

long-term notes (carrying (book) value: $100 million) 110.9

Required:

1. Prepare the investing activities section of D-Rose's statement of cash flows.

2. Prepare the financing activities section of D-Rose's statement of cash flows.

(For all requirements, list any cash outflow with a minus sign. Enter your answer in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).)

Answer rating: 100% (QA)

1 Investing activities section of the statement of cash flows Purchase of equipment for cash 309 Pr... View the full answer