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 $ 48 $ 99 Accounts receivable 730 669 Inventory 695 646 Total current assets 1,473 1,414 Property, plant, and equipment 1,595 1,565 Less accumulated depreciation 824 678 Net property,plant, and equipment 771 887 Total assets $ 2,244 $ 2,301 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 278 $ 169 Accrued liabilities 189 161 Income taxes payable 95 81 Total current liabilities 562 411 Bonds payable 460 690 Total liabilities 1,022 1,101 Stockholders' equity: Common stock 190 190 Retained earnings 1,032 1,010 Total stockholders' equity 1,222 1,200 Total liabilities and stockholders' equity $ 2,244 $ 2,301 Burgess Company Income Statement (dollars in millions) Sales $ 3,970 Cost of goods sold 2,720 Gross margin 1,250 Selling and administrative expenses 898 Net operating income 352 Nonoperating items: Gain on sale of equipment 2 Income before taxes 354 Income taxes 130 Net income $ 224 Burgess also provided the following information: 1. The company sold equipment that had an original cost of $30 million and accumulated depreciation of $16 million. The cash proceeds from the sale were $16 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.)