A comparative balance sheet and an income statement for Burgess Company are given below: Burgess Company Comparative Balance Sheet (dollars in millions) Ending Balance Beginning Balance Assets Current assets: Cash and cash equivalents $ 54 $ 111 Accounts receivable 790 723 Inventory 725 670 Total current assets 1,569 1,504 Property, plant, and equipment 1,655 1,619 Less accumulated depreciation 860 696 Net property,plant, and equipment 795 923 Total assets $ 2,364 $ 2,427 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 290 $ 175 Accrued liabilities 195 155 Income taxes payable 107 87 Total current liabilities 592 417 Bonds payable 490 750 Total liabilities 1,082 1,167 Stockholders' equity: Common stock 220 220 Retained earnings 1,062 1,040 Total stockholders' equity 1,282 1,260 Total liabilities and stockholders' equity $ 2,364 $ 2,427 Burgess Company Income Statement (dollars in millions) Sales $ 4,150 Cost of goods sold 2,840 Gross margin 1,310 Selling and administrative expenses 910 Net operating income 400 Nonoperating items: Gain on sale of equipment 2 Income before taxes 402 Income taxes 142 Net income $ 260 Burgess also provided the following information: The company sold equipment that had an original cost of $42 million and accumulated depreciation of $22 million. The cash proceeds from the sale were $22 million. The gain on the sale was $2 million. The company did not issue any new bonds during the year. The company paid a cash dividend during the year. The company did not complete any common stock transactions during the year. Required: 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.)