Analyze the cash flow impact of investing activities on the statement of cash flows
Response to the following problem:
During 2014, Richardson Satellite Systems, Inc., purchased two other companies for $8 million in cash. Also during 2014, Richardson made capital expenditures of $4.2 million in cash to expand its market share. During the year, Richardson sold its North American operations, receiving cash of $6.4 million. Overall, Richardson reported a net income of $5.3 million during 2014. Show what Richardson would report for cash flows from investing activities on its statement of cash flows for 2014. Report a total amount for net cash provided by (used in) investing activities.