company are given below: Burgess Company Comparative Balance Sheet (dollars in millions) Ending Beginning Balance Assets Balance Current assets: Cash and cash equivalents $ 67. $ 137 Accounts receivable 920 840 Inventory 790 722 Total current assets 1, 777 1, 699 Property, plant, and equipment 1 , 785 1, 736 Less accumulated depreciation 938 735 Net property, plant, and equipment 847 - 1, 001 Total assets $ 2, 624 $ 2, 700 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 316 $ 188 Accrued liabilities 208 142 Income taxes payable 133 100 Total current liabilities 657 430 Bonds payable 555 880 Total liabilities 1, 212 1, 310 Stockholders' equity : Common stock 285 285 Retained earnings 1, 127 1, 105 Total stockholders' equity 1, 412 1, 390 Total liabilities and stockholders' equity $ 2, 624 $ 2, 700 Burgess Company Income Statement (dollars in millions) Burgess Company Income Statement ( dollars in millions) Sales $ 4, 540 Cost of goods sold 13, 100 Gross margin 1 , 440 Selling and administrative expenses 936 Net operating income 504 Nonoperating items: Gain on sale of equipment Income before taxes 506 Income taxes 168 $ 338 es Net income Burgess also provided the following information: 1. The company sold equipment that had an original cost of $68 million and accumulated de proceeds from the sale were $35 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. Required: Using the indirect method, prepare a statement of cash flows for the year. (Enter your answers deduction in cash and cash outflows as negative amounts.)UGHUGHvil Ill casil allu casil VULlows as. Icyalive alllvuille. Burgess Company Statement of Cash Flows Operating activities: ed OK ences 0 Investing activities: Financing activities