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	$	57	$	117
Accounts receivable		820		750
Inventory		740		682
Total current assets		1,617		1,549
Property, plant, and equipment		1,685		1,646
Less accumulated depreciation		878		705
Net property,plant, and equipment		807		941
Total assets	$	2,424	$	2,490
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$	296	$	178
Accrued liabilities		198		152
Income taxes payable		113		90
Total current liabilities		607		420
Bonds payable		505		780
Total liabilities		1,112		1,200
Stockholders' equity:
Common stock		235		235
Retained earnings		1,077		1,055
Total stockholders' equity		1,312		1,290
Total liabilities and stockholders' equity	$	2,424	$	2,490

Burgess Company Income Statement (dollars in millions)
Sales	$	4,240
Cost of goods sold		2,900
Gross margin		1,340
Selling and administrative expenses		916
Net operating income		424
Nonoperating items: Gain on sale of equipment		2
Income before taxes		426
Income taxes		148
Net income	$	278

Burgess also provided the following information:

1.	The company sold equipment that had an original cost of $48 million and accumulated depreciation of $25 million. The cash proceeds from the sale were $25 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:
1.	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.)