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Exercise 21-23 (Algo) Cash flows from operating activities (direct method) [LO21-3] Portions of the financial statements for Myriad Products are provided below MVRIND PRODUCTS COMPANY

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Exercise 21-23 (Algo) Cash flows from operating activities (direct method) [LO21-3] Portions of the financial statements for Myriad Products are provided below MVRIND PRODUCTS COMPANY Income statement For the Year Ended December 31, 2021 $ 680 238 442 Sales Cost of goods sold Gross margin Salaries expense Depreciation expense Amortization expense Interest expense Loss on sale of land Income before taxes Income tax expense Net Income $95 76 5 16 4 196 246 123 $123 Check my $114 $100 2 Cash Accounts receivable Inventory Accounts payable Salaries payable Interest payable tax payable $ (16) (14) 150 54 (10) 22 13 9 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 (.e., 10,000,000 should be entered as 101) Cash Flows from Operating Activities

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