A comparative balance sheet and an income statement for Burgess Company are given below:

Burgess also provided the following information:

1.	The company sold equipment that had an original cost of $44 million and accumulated depreciation of $23 million. The cash proceeds from the sale were $23 million. The gain on the sale was $2 million.
2.	The company did not issue any new bonds during the year.
3.	The company paid a cash dividend during the year.
4.	The company did not complete any common stock transactions during the year.

Required:
1.	Using the indirect method, prepare a statement of cash flows for the year. (Enter your answers in millions not in dollars . List any deduction in cash and cash outflows as negative amounts.)

Acomparative balance sheet and an income statement for Burgess Company are given below: Burgess Company Comparative Balance Sheet (dollars in millions) Ending Beginning Balance Balance Assets Current assets: Cash and cash equivalents 55 113 Accounts receivable 800 732 730 674 Inventory Total current assets 1,585 1,519 Property, plant, and equipment 1,665 628 Less accumulated depreciation 866 699 Net property, plant, and equipment 799 929 Total assets 2,384 2,448 Liabilities and Stockholders' Equity Current liabilities: 292 176 Accounts payable Accrued liabilities 196 154 Income taxes payable 109 88 Total current liabilities 597 418 Bonds payable 495 760 Total liabilities 1,092 1,178 Stockholders' equity: Common stock 225 225 Retained earnings 1,067 1,045 Total stockholders' equity 1,292 1,270 2,384 2,448 Total liabilities and stockholders' equity