Question: In preparation for developing its statement of cash flows for the year ended December 31, 2018, Millennium Solutions, Inc. collected the following information: Payment for

 In preparation for developing its statement of cash flows for the

In preparation for developing its statement of cash flows for the year ended December 31, 2018, Millennium Solutions, Inc. collected the following information: Payment for the early extinguishment of ($ in millions) long-term notes (book value: $100 million) $109.7 Sale of common shares 353.7 Retirement of common shares 245.7 Loss on sale of equipment 5.7 Proceeds from sale of equipment 17.7 Issuance of short-term note payable for cash 21.7 Acquisition of building for cash 15.7 Purchase of marketable securities (not a cash equivalent) 11.7 Purchase of marketable securities (considered a cash equivalent) 3.7 Cash payment for 3-year insurance policy 7.7 Collection of note receivable with interest (principal amount, $22) 27.7 Declaration of cash dividends 67.7 Distribution of cash dividends declared in 2017 61.7 Required: 1. Prepare the investing activities section of Millennium's statement of cash flows for 2018. 2. Prepare the financing activities section of Millennium's statement of cash flows for 2018. (For all requirements, list any cash outflow with a minus sign. Enter your answer in millions rounded to 1 decimal place (i... 5,500,000 should be entered as 5.5).) 1. 2. million million

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