Solve

In preparation for developing its statement of cash flows for the year ended December 31, 2024, Millennium Solutions, Incorporated collected the following information: ($ in millions) Payment for the early extinguishment of long-term notes (book value: $10@ million) $ 108.7 Sale of common shares 352.7 Retirement of common shares 244.7 Loss on sale of equipment 4.7 Proceeds from sale of equipment 16.7 Issuance of short-term note payable for cash 20.7 Acquisition of building for cash 14.7 Purchase of marketable securities (not a cash equivalent) 10.7 Purchase of marketable securities (considered a cash equivalent) 2.7 Cash payment for 3-year insurance policy 6.7 Collection of note receivable with interest (principal amount, $22) 26.7 Declaration of cash dividends 66.7 Distribution of cash dividends declared in 2023 60.7 Required: 1. Calculate the net cash inflow/outflow from the investing activities of Millennium's statement of cash flows for 2024. 2. Calculate the net cash inflow/outflow from the financing activities of Millennium's statement of cash flows for 2024. Note: For all requirements, list any cash outflow 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)