a$.$ Investment revenue includes Arduous Company's $$25$ million share of the net income of Demur Company, an equity method investee.

b$.$ Treasury bills were sold during $2024$ at a gain of $$2$ million. Arduous Company classifies its investments in Treasury bills as cash equivalents.

c$.$ Equipment originally costing $$108$ million that was one$-$half depreciated was rendered unusable by a flood. Most major components of the equipment were unharmed and were sold for $$20$ million.

d$.$ Temporary differences between pretax accounting income and taxable income caused the deferred tax liability to increase by $$22$ million.

e$.$ The preferred stock of Tory Corporation was purchased for $$44$ million as a long$-$term investment.

f$.$ Land costing $$66$ million was acquired by issuing $$33$ million cash and a $10\%,$ four$-$year, $$33$ million note payable to the seller.

g$.$ The right to use a building was acquired with a $15-$year lease agreement; present value of lease payments, $$107$ million. Annual lease payments of $$6$ million are paid at the beginning of each year starting January $1,2024.$

h$.$ $$79$ million of bonds were retired at maturity.

i$.$ In February, Arduous issued a stock dividend $(11\mathrm{.}6$ million shares$).$ The market price of the $$5$ par value common stock was $$7\mathrm{.}50$ per share at that time.

j$.$ In April, $1$ million shares of common stock were repurchased as treasury stock at a cost of $$28$ million.

Required:

Prepare the statement of cash flows for Arduous Company using the indirect method.

Note: Amounts to be deducted should be indicated with a minus sign. Enter your answers in millions $($i$.$e$.,10,000,000$ should be entered as $10).$

Answer is not complete.

ARDUOUS COMPANY

ARDUOUS COMPANY

Comparative Balance Sheets

December $31,2024$ and $2023$

$($$ in millions$)$

$\backslash$table$[[$Assets$,,,],[$Cash$,,$$ $142,$$$100$