Answer:
Creative Sound Systems
Net cash flows from investing activities:
Cash inflow from sale of investments $31 million
Cash inflow from sale of land $15.1 million
Cash outflow from purchase of equipment ($25.1 million)
<u>Cash outflow from purchase of patent ($12.1 million)</u>
Net cash flows provided by investing activities $8.9 million
Creative Sound Systems
Net cash flows from financing activities:
Cash inflow from issuing common stocks $40.2 million
<u>Cash outflow from purchase treasury stock ($21.1 million)</u>
Net cash flows provided by financing activities $19.1 million