Question

Required information [The following information applies to the questions displayed below.) 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: $44.0 million) Sale of common shares Retirement of common shares Loss on sale of equipment Proceeds from sale of equipment Issuance of short-term note payable for cash Acquisition of building for cash Purchase of marketable securities (not a cash equivalent) Purchase of marketable securities (considered a cash equivalent) Cash payment for 3-year insurance policy Collection of note receivable with interest (principal amount, $13) Declaration of cash dividends Distribution of cash dividends declared in 2020 $ 48.0 184.0 124.0 2.2 8.8 12.0 8.0 7.0 3.0 5.0 15.0 36.0 33.0 Required: 1. In Millennium's 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).) is in millions)

Answer 1

	($ in millions)
Cash flows from investing activities:
Proceeds from sale of equipment	$8.8
Acquisition of building for cash	-8.0
Purchase of marketable securities (not a cash equivalent)	-7.0
Collection of notes receivable	13.0
Net cash inflows (outflows) from investing activities	$6.8