Help Save & Exit Submit The comparative balance sheets for 2018 and 2017 and the statement of income for 2018 are given below for National Intercable Company. Additional Information from NIC's accounting records is provided also. NATIONAL INTERCABLE COMPANY Comparative Balance Sheets December 31, 2018 and 2017 ($ in millions) Accounts receivable Lasst Allowance for uncollectible accounts Prepaid insurance Inventory Long-term investment 320 Buildings and equipment Les Accumulated depreciation Trademark (119) (105) $1,338 $1,336 Liabilities Accounts payable Salarios payable Deferred income tax liability Lease Hability Bonds payable Loan Discount on bonds Shareholders quity Cowon tok Paid-in capital excess of pak Preferred stock Retained ning 536 $1, 3 550 3133 NATIONAL INTERCAREX CONPANY Income Statement Tor Year Ended December 31, 2018 in milliona) 6.66 cost of goods sold Rond interest expense LOSS O builder Income before tax Income tax expense Additional information from the accounting records a. Investment revenue includes National Intercable Company's $7 million share of the net income of Central Fiber Optics Corporation an equity method investee. b. A long-term investment in bonds, originally purchased for $42 million, was sold for $48 million c. Pretax accounting income exceeded taxable income causing the deferred income tax liability to increase by $5 million d. A building that originally cost $64 million, and which was one fourth depreciated, was destroyed by fire. Some undamaged parts were sold for $4 million e. The right to use a building was acquired with a seven-year lease agreement present value of lease payments, $90 million. Annual lease payments of $15 million are paid at Jan. 1 of each year starting in 2018 f. $180 million of bonds were retired at maturity g. $30 million par value of common stock was sold for $60 million, and $70 milion of preferred stock was sold at par h. Shareholders were paid cash dividends of $28 million Required Help Save & Ext Submit Required: 2. Prepare the statement of cash flows. Present cash flows from operating activities by the direct method. (Enter your answers in millions (le, 10,000,000 should be entered as 10.). Amounts to be deducted should be indicated with a minus sign.) NATIONAL INTERCABLE COMPANY Statement of Cash Flows For year ended December 31, 2018 (5 in millions) Cash flows from operating activities: Cash inflows: From customers From investment revenue Cash outlow