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	$	56		$	115
Accounts receivable		810			741
Inventory		735			678
Total current assets		1,601			1,534
Property, plant, and equipment		1,675			1,637
Less accumulated depreciation		872			702
Net property,plant, and equipment		803			935
Total assets	$	2,404		$	2,469
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$	294		$	177
Accrued liabilities		197			153
Income taxes payable		111			89
Total current liabilities		602			419
Bonds payable		500			770
Total liabilities		1,102			1,189
Stockholders' equity:
Common stock		230			230
Retained earnings		1,072			1,050
Total stockholders' equity		1,302			1,280
Total liabilities and stockholders' equity	$	2,404		$	2,469

Burgess Company Income Statement (dollars in millions)
Sales	$	4,210
Cost of goods sold		2,880
Gross margin		1,330
Selling and administrative expenses		914
Net operating income		416
Nonoperating items:
Gain on sale of equipment		2
Income before taxes		418
Income taxes		146
Net income	$	272

Burgess also provided the following information:

1. The company sold equipment that had an original cost of $46 million and accumulated depreciation of $24 million. The cash proceeds from the sale were $24 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.)