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

Burgess also provided the following information:

The company sold equipment that had an original cost of $$66$ million and accumulated depreciation of $$34$ million. The cash

proceeds from the sale were $$34$ million. The gain on the sale was $$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.$)$