Burgess Company Income Statement (dollars in millions) Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income Nonoperating items: $4,216 1,330 914 416 0.87 points Gain on sale of equipment Income before taxes Income taxes Net income 418 146 $ 272 Skipped eBook Burgess also provided the following information: References 1. The company sold equipment that had an original cost of $46 million and accumulated depreciation of $24 million. The cash proceeds from the sale were $24 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 20 Operating activities: 0.87 points Skipped eBook References Investing activities: Financing activities: 12 0.87 points Skipped Investing activities eBook References Financing activites Beginning cash and cash equivalents Ending cash and cash equivalents 0