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Burgess also provided the following information: 1. The company sold equipment that had an original cost of $54 million and accumulated depreciation of $28 million. The cash proceeds from the sale were $28 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.) Burgess Company of Cash Flows - Indirect Method Stat Operatinga et income 296 Adjustments to convert net income to cash basis Depreciation 210 n inventory Increase in accounts payable Increase in accrued liabilities (61) 121 Gain on sale of equipment 273 569 Proceeds from sale of equipment Additions to plant and equipment 28 cash used in