Rockford Company’s comparative balance sheets for this year and last year and the company’s income statement for this year follow:

Additional data:
1. This year Rockford paid a cash dividend.
2. The $4 million loss on sale of equipment reflects a transaction in which equipment with an original cost of $12 million and accumulated depreciation of $5 million was sold for $3 million in cash.
3. Rockford did not purchase any long-term investments during the year. There was no gain or loss on the sale of long-term investments.
4. This year Rockford did not retire any bonds payable, or issue or repurchase any common stock.
Required:
1. Using the indirect method, determine the net cash provided by operating activities for this year.
2. Construct a statement of cash flows for this year.

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Assets Current assets: Rockford Company Comparative Balance Sheet (dollars in millions) This Last Year Year Cash and cash equivalents... $ 26 $ 10 Accounts receivable Inventory Prepaid expenses Total current assets.... Property, plant, and equipment Less accumulated depreciation 180 270 205 160 17 20 428 460 430 309 218 194 Net property, plant, and equipment 212 115 Long-term investments Total assets Liabilities and Stockholders' Equity 60 75 $700 $650 Current liabilities: Accounts payable... Accrued liabilities ... Income taxes payable Total current liabilities Bonds payable Total liabilities Stockholders' equity: $230 $310 70 60 15 8 315 378 135 40 450 418 Common stock ... 140 140 Retained earnings 110 92 Total stockholders' equity 250 232 Total liabilities and stockholders' equity.... $700 $650