Check my wo A comparative balance sheet and an income statement for Burgess Company are given below: Burgess Company Comparative Balance Sheet (dollars in millions) points Ending Balance Beginning Balance $ $ 63 880 129 884 eBook 1.713 914 $ 2,544 $ 2,616 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 earnings Total stockholders' equity Total liabilities and stockholders' equity $ $ 388 294 125 637 535 1.172 184 146 96 426 848 1,266 265 265 1. 107 ., 372 $ 2.544 1.885 1,350 $ 2.616 Check my points Burgess Company Income Statement (dollars in millions) Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income Nonoperating items: Gain on sale of equipment Income before taxes Income taxes Net income $4,428 3.820 1,480 928 422 eBook Burgess also provided the following information: 1. The company sold equipment that had an original cost of $60 million and accumulated depreciation of $31 million. The cash proceeds from the sale were $31 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. Requlred: Using the indirect method. prepare a statement of cash tlows for the year. (Enter your answers in millions not In dollars. List any deduction In cash and cash outflows as negative amounts.) points Burgess Company Statement of Cash Flows Operating activities: eBook print Investing activities: Financing activities: Beginning cash and cash equivalents Ending cash and cash equivalents