In preparation for developing its statement of cash flows for the year just ended, D-Rose Distributors collected

the following information:

  ($ in millions) Purchase of treasury bills (considered a cash equivalent)   6.9   Sale of preferred stock   150.9   Gain on sale of land   4.9   Proceeds from sale of land   25.9   Issuance of bonds payable for cash   140.9   Purchase of equipment for cash   30.9   Purchase of GE stock   35.9   Declaration of cash dividends   134.9   Payment of cash dividends declared in previous year   130.9   Purchase of treasury stock   120.9   Payment for the early extinguishment of

long-term notes (carrying (book) value: $100 million)   110.9     

Required:

1. Prepare the investing activities section of D-Rose’s statement of cash flows.

2. Prepare the financing activities section of D-Rose’s statement of cash flows.

(For all requirements, list any cash outflow with a minus sign. Enter your answer in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).)

Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"