A comparative balance sheet and an income statement for Burgess Company are given below Burgos Company Comparative lance sheet (dollars in con Endsne Balance Bezinnin ante 54 72 1,569 1.55 $ 223 670 1.54 1,615 52,354 52,427 Assets Current si Cash and cath equivalents Accounts receivable Inventory Total current et Property, plant and equipment LISE mulated depreciation Net property plant, and equipoint Total sets Liabilities and Stockholders' Equity Current liabilities Accounts payable Accred liabilities Income taxes payable Total current liabilities Bonds payable Tota labilities Stockholders' equity Common stock Retained warnings Total stockholders equity Total liabilities and stockholders equity 290 13 592 5 125 155 32 13 750 1 167 1,082 220 1,052 1,282 52,364 220 1.000 1260 52,427 54,150 2.340 2,310 10 Burgos Company Income Statement (dollar in ons Sales Cost of goods sold Gros sargin Selling and administrative expenses Net operating income ooperating items: Gain on sale of equipment Incone before taxes Incone taxes Net Income 400 2 102 142 25 Burgess also provided the following information 1. The company sold equipment that had an original cost of $42 million and accumulated depreciation of 522 milion. The coon proceeds from the sale were $22 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 4. The company did not complete any common stock trosseto 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 many Statement of Cash Flow Opening activities Fanga Bea and cash Bang cash and the