14)

Portions of the financial statements for Myriad Products are provided below. $ 880 208 MYRIAD PRODUCTS COMPANY Income Statement For the Year Ended December 31, 2018 ($ in millions) Sales Cost of goods sold Gross margin Salaries expense $145 Depreciation expense Patent amortization expense Interest expense Loss on sale of land Income before taxes Income tax expense Net Income 286 286 143 $ 143 MYRIAD PRODUCTS COMPANY Selected Accounts from Comparative Balance Sheets December 31, 2018 and 2017 ($ in millions) Year 2018 2017 Change Cash $135 $128 $ 7 Accounts receivable 259 274 (15) Inventory 464 478 (14) Accounts payable 198 190 Salaries payable 106 114 Interest payable Income taxes payable Required: Prepare the cash flows from operating activities section of the statement of cash flows for Myria Products Company using the indirect method. (Enter your answers in millions (ie., 10,000,000 should be entered as 10.). Amounts to be deducted should be indicated with a minus sign.) Required: Prepare the cash flows from operating activities section of the statement of cash flows for Myriad Products Company using the indirect method. (Enter your answers in millions (1.e., 10,000,000 should be entered as 10.). Amounts to be deducted should be indicated with a minus sign.) ($ in millions) Cash Flows from Operating Activities: Net loss Adjustments for noncash effects: Changes in operating assets and liabilities: TIL Net cash flows from operating activities $