Answer:
To calculate the net cash flows from investing activities, we need to sum up all the cash inflows and cash outflows from the investing activities.
Cash inflows:
Investments sold: $31.0 million
Land sold: $14.9 million
Common stock sold: $39.8 million
Cash outflows:
Treasury stock purchased: $20.9 million
Equipment purchased: $24.9 million
Patent purchased: $11.9 million
Now, let's calculate the net cash flows:
Net cash flows from investing activities = (31.0 + 14.9 + 39.8) - (20.9 + 24.9 + 11.9)
Net cash flows from investing activities = $85.7 million - $57.7 million
Net cash flows from investing activities = $28.0 million
So, the company should report a net cash flow from investing activities of $28.0 million.