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On January 1, 2021, Beilich Enterprises bought 20% of the outstanding common stock of Wolfe...

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Accounting

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On January 1, 2021, Beilich Enterprises bought 20% of the outstanding common stock of Wolfe Construction Company for $740.0 million cash. Wolfe's net income for the year ended December 31, 2021, was $370.0 million. During 2021, Wolfe declared and paid cash dividends of $74.0 million. Bellich recorded the investment as follows: Required: What would be the pretax amounts related to the investment that Beilich would report in its statement of cash flows for the year ended December 31, 2021 ? (Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5). Cash outflows should be indicated by a minus sign.)

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