Brief Exercise 11-2 Determine proper classification (LO11-1) The following selected transactions occur during the first year of operations. Determine how each should be reported in the statement of cash flows. Activities Items 1. Issued one million shares of common stock at $20 per share. 2. Paid $75,000 to suppliers for inventory. 3. Paid a dividend of $1 per share to common stockholders. 4. Loaned $50,000 to an employee and accepted a note receivable. Brief Exercise 11-8 Calculate net cash flows from investing activities (LO11-4) Creative Sound Systems sold investments, land, and its own common stock for $30.0 million, $15.0 million, and $40.0 million, respectively. Creative Sound Systems also purchased treasury stock, equipment, and a patent for $21.0 million, $25.0 million, and $12.0 million, respectively. What amount should the company report as net cash flows from investing activities? (List cash outflows and any decrease in cash as negative amounts. Round your answers to 1 decimal place. Enter your answers in millions (i.e., $10,100,000 should be entered as 10.1).) CREATIVE SOUND SYSTEMS Statement of Cash Flows (partial) Cash flows from investing activities Net cash flows from investing activities