Burgess Company Comparative Balance Sheet (dollars in millions) Ending Balance Beginning Balance $ 44 690 675 1,409 1,555 800 755 $ 2,164 91 633 630 1,354 1,529 666 863 $ 2,217 Assets Current assets: Cash and cash equivalents Accounts receivable Inventory Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued liabilities Income taxes payable Total current liabilities Bonds payable Total liabilities Stockholders' equity Common stock Retained earning Total stockholders' equity $ 270 185 87 542 440 982 165 165 77 407 1.257 170 170 1,012 1.182 Burgess Company Income Statement (dollars in millions) Sales Cost of goods sold Gross morgen selling and administrative expenses Net operating Income Nonoperating items! Gain on sale of equipment Income before taxes Income taxes fet income $ 3,850 2,640 1,210 590 320 322 122 200 Burgess also provided the following information 1. The company sold equipment that had an original cost of $ 22 million and accumulateur depreciation of $12 million. The cash proceeds from the sale were $12 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 yean Required: 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 Statement of Cash Flows Operating activities Investing activities Prev ti Next 0 Investing activities: Financing activities ces 0 Beginning cash and cash equivalents Ending cash and cash equivalents 0