A comparative balance sheet and an income statement for Burgess Company are given below:

Burgess also provided the following information: 1. The company sold equipment for $9 million that originally cost $16 million with accumulated depreciation of $9 million. The gain on the sale was $2 million. 2. The company did not issue any new bonds, pay a dividend, or complete any common stock transactions during the year. Required: 1. Using the indirect method, prepare a statement of cash flows. Note: Enter your answers in millions not in dollars. List any deduction in cash and cash outflows as negative amounts