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! Required information [The following information applies to the questions displayed below.] ...

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Accounting

!
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, Rapid Pac, Inc., collected
the following information:
Fair value of shares issued in a stock dividend
Payment for the early extinguishment of
long-term bonds (book value: $90.0 million)
Proceeds from the sale of treasury stock (cost: $26.0 million)
Gain on sale of land
Proceeds from sale of land
Purchase of Microsoft common stock
Declaration of cash dividends
Distribution of cash dividends declared in 2020
($ in millions)
$104.0
95.0
31.0
3.5
10.5
160.0
60.0
57.0
Required:
In Rapid Pac'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).)
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