A comparative balance sheet and an income statement for Burgess Company are given below: Beginning Balance $ 121 768 690 Burgess Company Comparative Balance Sheet (dollars in millions) Ending Balance Assets Current assets: Cash and cash equivalents $ 59 Accounts receivable 840 Inventory 750 Total current assets 1,649 Property, plant, and equipment 1,705 Less accumulated depreciation 890 Net property, plant, and equipment 815 Total assets $ 2,464 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 300 Accrued liabilities 200 Income taxes payable 117 Total current liabilities 617 Bonds payable 515 Total liabilities 1,132 Stockholders' equity: Common stock 245 Retained earnings 1,087 Total stockholders' equity 1,332 Total liabilities and stockholders' equity $ 2,464 1,579 1,664 711 953 2,532 $ $ 180 150 92 422 800 1, 222 245 1,065 1,310 2,532 $ Burgess Company Income Statement (dollars in millions) Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income Nonoperating items : Gain on sale of equipment Income before taxes Income taxes $4,300 2,940 1,360 920 440 2 442 152 Net income $ 290 Burgess also provided the following information: 1. The company sold equipment that had an original cost of $52 million and accumulated depreciation of $27 million. The cash proceeds from the sale were $27 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.) Burgess Company Statement of Cash Flows Operating activities: Investing activities: Financing activities: Sistacm Financing activities: BE Beginning cash and cash equivalents Ending cash and cash equivalents Mano