Question: 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

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

Sale of preferred stock

150

Gain on sale of land

4

Proceeds from sale of land

25

Issuance of bonds payable for cash

140

Purchase of equipment for cash

30

Purchase of GE stock

35

Declaration of cash dividends

134

Payment of cash dividends declared in previous year

130

Purchase of treasury stock

120

Payment for the early extinguishment of long-term notes (carrying (book) value: $100 million)

110

Required:

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

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