A comparative balance sheet and an income statement for Burgess Company are given below: Burgess Company Comparative Balance Sheet (dollars in millions) Assets Current assets: Cash and cash equivalents Accounts receivable Inventory Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued liabilities Income taxes payable Total current liabilities Bonds payable Total liabilities Stockholders' equity: Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity Ending Balance Beginning Balance $ 44 690 $ 91 633 675 630 1,409 1,354 1,555 1,529 800 666 755 $ 2,164 863 $ 2,217 $ 270 185 87 $ 165 165 77 542 407 440 650 982 1,057 170 170 1,012 990 1,182 $ 2,164 1,160 $ 2,217 Gross margin Burgess Company Income Statement (dollars in millions) Sales $ 3,850 Cost of goods sold 2,640 1,210 890 320 2 322 122 $ 200 Selling and administrative expenses Net operating income Nonoperating items: Gain on sale of equipment Income before taxes Income taxes Net income Burgess also provided the following information: 1. The company sold equipment that had an original cost of $22 million and accumulated depreciation of $12 million. The cash proceeds from the sale were $12 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: 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.)