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I have no idea on how to solve for the cash paid for interest Portions of the financial statements for Myriad Products are provided below.

image text in transcribedimage text in transcribedI have no idea on how to solve for the cash paid for interest

Portions of the financial statements for Myriad Products are provided below. $ 620 217 403 MYRIAD PRODUCTS COMPANY Income Statement For the Year Ended December 31, 2021 ($ in millions) Sales Cost of goods sold Gross margin Salaries expense $ 85 Depreciation expense 72 Amortization expense 5 Interest expense 12 Loss on sale of land 3 Income before taxes Income tax expense | 177 226 113 Net Income $ 113 MYRIAD PRODUCTS COMPANY Selected Accounts from Comparative Balance Sheets December 31, 2021 and 2020 ($ in millions) Year 2021 2020 Change Cash $108 $104 $ 4 Accounts receivable 224 238 (14) Inventory 442 454 (12) Accounts payable 150 142 8 Salaries payable 82 90 (8) Interest payable 31 24 7 Income tax payable 21 14 7 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 (i.e., 10,000,000 should be entered as 10).) X Answer is not complete. ($ in millions) $ 634 Cash Flows from Operating Activities: Cash received from customers Cash paid to suppliers Cash paid to employees Cash paid for income taxes Cash paid for interest (197) (93) (106) Net cash flows from operating activities $ 238

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