Question: In preparation for developing its statement of cash flows for the year ended December 31, 2016, Millennium Solutions, Inc., collected the following information ($ in

In preparation for developing its statement of cash flows for the year ended December 31, 2016, Millennium Solutions, Inc., collected the following information ($ in millions):

($ in millions)
Payment for the early extinguishments of long-term notes (book value: $50 million) $ 54
Sale of common shares $ 176
Retirement of common shares 122
Loss on sale of equipment 2
Proceeds from sale of equipment 8
Issuance of short-term note payable for cash 10
Acquisition of building for cash 7
Purchase of marketable securities (not a cash equivalent) 5
Purchase of marketable securities (considered a cash equivalent) 1
Cash payment for 3-year insurance policy 3
Collection of note receivable with interest (principal amount, $11) 13
Declaration of cash dividends 33
Distribution of cash dividends declared in 2015 30

Required:
1.

In Millenniums statement of cash flows, what were net cash inflows (or outflows) from investing activities for 2016? (Amounts to be deducted should be indicated with a minus sign. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).)

 In preparation for developing its statement of cash flows for the

year ended December 31, 2016, Millennium Solutions, Inc., collected the following information

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