Ch21 Homework Saved Ch21 Homework Portions of the financial statements for Myriad Products are provided below MYRIAD PRODUCTS COMPANY Income Statement 12.5 For the Year Ended December 31, 2018 (s in millions) points Sales 660 250 Cost of goods sold Gross margin Salaries expense Depreciation expense Patent amortization expense Interest expense Loss on sale of land 410 $110 90 eBook 20 228 182 91 Income before taxes Income tax expense Hint $ 91 Net Income Print MYRIAD PRODUCTS COMPANY Selected Accounts from Comparative Balance Sheets December 31, 2018 and 2017 ($ in millions) Year Reterences 2018 2017 Change $102 $100 220 440 Cash Accounts receivable 232 450 134 (12) (10) Inventory Accounts payable Salaries payable Interest payable Income taxes payable 140 80 25 15 86 20 10 Required: Prepare the cash flows from operating activities section of the statement of cash flows for Myriad Products Company using the direct 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.).)