$!$

Required information

Exercise $21-13($Algo$)$ Identifying cash flows from investing activities and financing activities $[$LO$21-5,216]$

$[$The following information applies to the questions displayed below.$]$

In preparation for developing its statement of cash flows for the year ended December $31,2024,$ Rapid Pac, Incorporated, collected the following information:

Fair value of shares issued in a stock dividend

Payment for the early extinguishment of long$-$term bonds

million$)$

Proceeds from the sale of treasury stock $($cost: $$16\mathrm{.}0$ million$)$

Gain on sale of land

Proceeds from sale of land

Purchase of Microsoft common stock

Declaration of cash dividends

Distribution of cash dividends declared in $2023$

Exercise $21-13($Algo$)$ Part $2$

$2$ In Rapid Pac's statement of cash flows, what were net cash inflows $($or outflows$)$ from financing activities for $2024?$ Note: Cash outflows 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 $5\mathrm{.}5).$

$\backslash$table$[[$Cash Flows from Financing Activities:,$($$ in millions$)],[,]]$