Foody Company Comparative Balance Sheet For the Year December 31, 2021 (In Millions) AssetsThis Year Last Year Current Assets Cash and cash equivalents$ 50 $ 80 Accounts receivable 645 580 Inventory661 616 - - Total Current Assets$ 1,356 $ 1,276 Propery, Plant, and Equipment1,516 1,467 Less accumulated depreciation766 642 Net plant and equipment750 825 Total Assets$ 2,106 $ 2,101 Liabilities & Stockholders' Equity Current Liabilities Accounts payable$ 250 $ 155 Accrued liabilities190 165 Income taxes payable76 70 Total Current Liabilities$ 516 390 Bonds payable450 620 Total Liabilities$ 966 $ 1,010 Shareholders' Equity Common stock161 161 Retained earnings977 928 Total Shareholders' Equity1,138 1,089 Total Liabilities and Shareholders' Equity$ 2,104 $ 2,099 Burgess Company Income Statement For the YE December 31, 2022 Sales$ 3,600 Cost of goods sold2,550 Gross profit1,050 Bad debt expense75 Selling, general, and administrative expenses800 Net operating income250 Nonoperating items: Gain on sale of investments3 Income before taxes253 Income taxes 63 Net Income$ 190 Details: a) Equipment with an initial cost of $13 million and accumulated depreciation of $8 million was sold by the company. The sale generated $8 million in cash proceeds, resulting in a gain of $3 million. b) No new bonds were issued by the company in the current year. c) A cash dividend was disbursed by the company during the year. The company refrained from engaging in any common stock transactions throughout the year. To Do: Please create the company's cash flow statement for the current year using the Indirect Method and also, calculate the free cash flow