Question: In preparation for developing its statement of cash flows for the year ended December 31, 2021, Millennium Solutions, Inc. collected the following information: ($ in
In preparation for developing its statement of cash flows for the year ended December 31, 2021, Millennium Solutions, Inc. collected the following information:
| ($ in millions) | |||
| Payment for the early extinguishments of long-term notes (book value: $89.0 million) | $ | 93.0 | |
| Sale of common shares | 244.0 | ||
| Retirement of common shares | 139.0 | ||
| Loss on sale of equipment | 3.7 | ||
| Proceeds from sale of equipment | 14.8 | ||
| Issuance of short-term note payable for cash | 27.0 | ||
| Acquisition of building for cash | 15.5 | ||
| Purchase of marketable securities (not a cash equivalent) | 22.0 | ||
| Purchase of marketable securities (considered a cash equivalent) | 18.0 | ||
| Cash payment for 3-year insurance policy | 20.0 | ||
| Collection of note receivable with interest (principal amount, $28) | 30.0 | ||
| Declaration of cash dividends | 66.0 | ||
| Distribution of cash dividends declared in 2020 | 63.0 | ||
Required: 1. In Millenniums statement of cash flows, what were net cash inflows (or outflows) from investing activities for 2021? (Amounts to be deducted should be indicated with a minus sign. Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).)
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