Cash flows from operating activities (direct method) [LO21-3]

Portions of the financial statements for Myriad Products are provided below.

MYRIAD PRODUCTS COMPANY Income Statement For the Year Ended December 31, 2016 ($ in millions)
Sales				$	1,000
Cost of goods sold					(350	)
Gross margin					650
Salaries expense	$	175
Depreciation expense		108
Patent amortization expense		5
Interest expense		48
Loss on sale of land		4			(340	)
Income before taxes					310
Income tax expense					(155	)
Net Income				$	155

MYRIAD PRODUCTS COMPANY Selected Accounts from Comparative Balance Sheets December 31, 2016 and 2015 ($ in millions)
	Year
	2016	2015	Change
Cash	$	153		$	140		$	13
Accounts receivable		271			292			(21	)
Inventory		470			490			(20	)
Accounts payable		228			214			14
Salaries payable		112			126			(14	)
Interest payable		72			60			12
Income taxes payable		63			50			13

Required:

Prepare the cash flows from operating activities section of the statement of cash flows for Myriad Products Company using thedirect 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).)