A comparative balance sheet and an income statement for Burgess Company are given below: Burgess Company Comparative Balance Sheet (dollars in millions) Ending Beginning Balance Balance Assets Current assets: Cash and cash equivalents $ 51 760 710 1,521 1,625 842 783 $2,304 105 696 658 1,459 1,592 687 905 Accounts receivable Inventory Total current assets Property, plant, and equipment Less accumulated depreciation Net property,plant, and equipment Total assets Liabilities and Stockholders' Equity Current liabilities: $2,364 Accounts payable $ 284$ 172 158 Accrued liabilities Income taxes payable Total current liabilities Bonds payable Total liabilities Stockholders' equity: 192 101 577 475 1,052 414 720 1,134 205 1,025 1,2521,230 $2,304$2,364 Common stock Retained earnings 205 1,047 Total stockholders' equity Total liabilities and stockholders' equity Burgess Company Income Statement (dollars in millions) Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income Nonoperating items: $4,060 2,780 1,280 904 376 on sale of equipment Income before taxes Income taxes Net income 378 136 $ 242 Burgess also provided the following information: 1. The company sold equipment that had an original cost of $36 million and accumulated depreciation of $19 million. The cash proceeds from the sale were $19 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.)