Reference no: EM132522637

Question - In preparation for developing its statement of cash flows for the year just ended, D-Rose Distributors collected the following information:

Purchase of treasury bills (considered a cash equivalent) - 7.4

Sale of preferred stock - 151.4

Gain on sale of land - 5.4

Proceeds from sale of land - 26.4

Issuance of bonds payable for cash - 141.40

Purchase of equipment for cash - 31.40

Purchase of GE stock - 36.40

Declaration of cash dividends - 135.40

Payment of cash dividends declared in previous year - 131.40

Purchase of treasury stock - 121.40

Payment for early extinguishment of long-term notes (carrying (book) value: $100 million) - 111.40.

Required -

1. Prepare the investing activities section of D-Rose's statement of cash flows.

2. Prepare the financing activities section of D-Rose's statement of cash flows.