The comparative balance sheets for $2021$ and $2020$ and the income statement for $2021$ are given below for Arduous C$.$ Additional information from Arduous's accounting records is provided also.Additional information from the occounting records: a$.$ Investment revenue includes Arduous Company's $ $12$ million share of the net income of Demur Company, an equity method investee. b$.$ Treasury bills were sold during $2021$ at a gain of $ $3$ million. Arduous Company classifies its investments in Treasury bills as cash equivalents. c$.$ Equipment originally costing $ $80$ million that was one$-$half depreciated was rendered unusable by a flood. Most major components of the equipment were unharmed and were sold for $ $12$ million. d$.$ Temporary differences between pretax accounting income ond taxable income caused the deferred tax liability to increase by $ $8$Additional information from the accounting records: a$.$ Investment revenue includes Arduous Company's $ $12$ million share of the net income of Demur Company, an equity method investee. b$.$ Treasury bills were sold during $2021$ at a gain of $ $3$ million. Arduous Company classifies its investments in Treasury bills as cash. equivalents. c$.$ Equipment originally costing $ $80$ million that was one$-$half depreciated was rendered unusable by a flood. Most major components of the equipment were unharmed and were sold for $ $12$ million. d$.$ Temporary differences between pretax accounting income and taxable income caused the deferred tax llability to increase by $ $8$ million. e$.$ The preferred stock of Tory Corporation was purchased for $ $30$ million as a long$-$term investment. f$.$ Land costing $ $51$ million was acquired by issuing $ $25$ million cash and a $10\%,$ four$-$year, $ $26$ million note payable to the seller. $9.$ The right to use a building was acquired with a $15-$year lease agreement, present value of lease payments, $ $87$ million. Annual lease payments of $ $7$ million are paid at the beginning of each year starting January $1,2021.$ h$.$ $ $65$ million of bonds were retired at maturity. $1.$ In February, Arduous issued dividend $(6\mathrm{.}0$ million shares$).$ The market price of the $ $5$ par value common stock was $ $7\mathrm{.}50$ per share at that time. j$.$ In April, $1$ million shares of common stock were repurchased as treasury stock at a cost of $ $14\mathrm{.}00$ million. Required: Prepare the statement of cash flows of Arduous Company for the year ended December $31,2021.$ Present cash flows from operating octivities by the direct method. $($Do not round your intermediate calculations. Enter your answers in millions $($i$.$e$.,10,000,000$ should be entered as $10.).$ Amounts to be deducted should be indicated with a minus sign.$)$Prev $1$ of $1$ Next