Refer to the data provided in E 21–23 for Myriad Products Company.

Data From E21-23

Required: 

Prepare the cash flows from the operating activities section of the statement of cash flows for Myriad Products Company using the indirect method.

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MYRIAD PRODUCTS COMPANY Income Statement For the Year Ended December 31, 2021 ($ in millions) Sales $660 Cost of goods sold 250 Gross margin Salaries expense Depreciation expense Amortization expense 410 $110 90 Interest expense 20 Loss on sale of land 3 228 Income before taxes 182 Income tax expense 91 Net Income $ 91