Additional information from the accounting records:

1. Investment revenue includes Arduous Companys $21 million share of the net income of Demur Company, an equity method investee.
2. Treasury bills were sold during 2021 at a gain of $3 million. Arduous Company classifies its investments in Treasury bills as cash equivalents.
3. Equipment originally costing $98 million that was one-half depreciated was rendered unusable by a flood. Most major components of the equipment were unharmed and were sold for $18 million.
4. Temporary differences between pretax accounting income and taxable income caused the deferred tax liability to increase by $17 million.
5. The preferred stock of Tory Corporation was purchased for $39 million as a long-term investment.
6. Land costing $60 million was acquired by issuing $30 million cash and a 10%, four-year, $30 million note payable to the seller.
7. The right to use a building was acquired with a 15-year lease agreement; present value of lease payments, $103 million. Annual lease payments of $7 million are paid at the beginning of each year starting January 1, 2021.
8. $74 million of bonds were retired at maturity.
9. In February, Arduous issued a stock dividend (9.6 million shares). The market price of the $5 par value common stock was $7.50 per share at that time.
10. In April, 1 million shares of common stock were repurchased as treasury stock at a cost of $23 million.

Required: Prepare the statement of cash flows for Arduous Company using the indirect method. (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).)

The comparative balance sheets for 2021 and 2020 and the income statement for 2021 are given below for Arduous Company. Additional Information from Arduous's accounting records is provided also. ARDUOUS COMPANY Comparative Balance Sheets December 31, 2021 and 2020 ($ in millions) 2e21 2020 Assets Cash $ 132 $ 95 Accounts receivable 204 222 Investment revenue receivable 21 18 Inventory 222 214 Prepaid insurance 19 26 Long-term investment 199 139 Land 224 164 Buildings and equipment 433 428 Less: Accumulated depreciation (110) (148) Patent 46 49 $1,390 $1,207 Liabilities Accounts payable $ $ 93 Salaries payable 32 Interest payable (bonds) 18 Income tax payable 30 Deferred tax liability 22 Notes payable Lease liability Bonds payable 229 383 Less: Discount on bonds (36) (42) Shareholders' Equity Connon stock 472 424 Paid-in capital-excess of par 123 99 Preferred stock Retained earnings 237 228 Less: Treasury stock (23) $1,390 $1,207 $ 550 26 $ 579 ARDUOUS COMPANY Income Statement For Year Ended December 31, 2021 ($ in millions) Revenues and gain: Sales revenue Investment revenue Gain on sale of treasury bills Expenses and loss: Cost of goods sold Salaries expense Depreciation expense Amortization expense Insurance expense Interest expense Loss on sale of equipment Income tax expense Net income 194 87 11 21 42 31 * 439 $ 140 ARDUOUS COMPANY Statement of Cash Flows For year ended December 31, 2021 ($ in millions) Cash flows from operating activities Net income Adjustments for noncash effects Changes in operating assets and liabilities: $ 0 Net cash flows from operating activities Cash flows from investing activities: 0 Net cash flows from investing activities Cash flows from financing activities: Net cash flows from financing activities Net increase in cash Cash balance, January 1 Cash balance, December 31 Noncash investing and financing activities: $ 0