Comparative Statement of Financial Position for $20$X$4$ and $20$X$3,$ a Statement of income for $20$X$4,$ and additional information from the accounting records of Olaniyi Industries, are provided below:

Olaniyi Industries

Comparative Statement of Financial Position

December $31,20$X$4$ and $20$X$3($$ in millions$)$

$20$X$420$X$3$

Assets

Cash $ $26$ $ $114$

Accounts receivable $203134$

Prepaid insurance $116$

Inventory $289177$

Buildings and equipment $384352$

Less: Accumulated depreciation $(121)(242)$

$ $792$ $ $541$

Liabilities

Accounts payable $ $90$ $ $104$

Accrued liabilities $1015$

Notes payable $430$

Bonds payable $1610$

Shareholders$$ Equity

Common stock $402402$

Retained earnings $8620$

$ $792$ $ $541$

Olaniyi Industries

Statement of Income

For Year Ended December $31,20$X$4$

$($$ in millions$)$

Revenues

Sales revenue $ $2,010$

Expenses

Cost of goods sold $ $1,439$

Depreciation expense $41$

Operating expenses $4211,901$

Net income $ $109$

Additional information from the accounting records:

During $20$X$4,$ $$212$ million of equipment was purchased to replace $$180$ million of equipment $(90\%$ depreciated$)$ sold at book value.

In order to maintain the usual policy of paying cash dividends of $$43$ million, it was necessary for Olaniyi Industries to borrow $$43$ million from its bank.

Required:

Prepare the statement of cash flows for Olaniyi Industries, using the indirect method to report operating activities.

Note: Cash outflows should be indicated with a minus sign. $***$ Enter your answers in MILLIONS OF DOLLARS $***($i$.$e$.,"10,000,000"$ should be entered as $"10").$