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) |
7.8 |
| Sale of preferred stock |
151.8 |
| Gain on sale of land |
5.8 |
| Proceeds from sale of land |
26.8 |
| Issuance of bonds payable for cash |
141.8 |
| Purchase of equipment for cash |
31.8 |
| Purchase of GE stock |
36.8 |
| Declaration of cash dividends |
135.8 |
| Payment of cash dividends declared in previous year |
131.8 |
| Purchase of treasury stock |
121.8 |
| Payment for the early extinguishment of |
|
| long-term notes (carrying (book) value: $100 million) |
111.8 |
What was the cash inflow or outflow from investing activities?