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I know I'm missing a couple things but don't know where Portions of the financial statements for Myriad Products are provided below. $ 900 315

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I know I'm missing a couple things but don't know where

Portions of the financial statements for Myriad Products are provided below. $ 900 315 585 MYRIAD PRODUCTS COMPANY Income Statement For the Year Ended December 31, 2021 ($ in millions) Sales Cost of goods sold Gross margin Salaries expense $150 Depreciation expense 98 Amortization expense Interest expense 38 Loss on sale of land 4 Income before taxes Income tax expense Net Income 5 295 290 145 $ 145 MYRIAD PRODUCTS COMPANY Selected Accounts from Comparative Balance Sheets December 31, 2021 and 2020 ($ in millions) Year 2021 2020 Change Cash $138 $130 $ 8 Accounts receivable 261 277 (16) Inventory 465 480 (15) Accounts payable 203 194 9 Salaries payable 107 116 (9) Interest payable 57 50 7 Income tax payable 48 40 8 Required: Prepare the cash flows from the operating activities section of the statement of cash flows for Myriad Products Company using the indirect method. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10). Amounts to be deducted should be indicated with a minus sign.) Answer is not complete. ($ in millions) $ 145 Cash Flows from Operating Activities: Net income Adjustments for noncash effects: Depreciation expense Amortization expense Loss on sale of land 98 5 4 16 Changes in operating assets and liabilities: Decrease in accounts receivable Decrease in inventory Decrease in salaries payable Increase in accounts payable Increase in income tax payable 15 (9) 9 137 Net cash flows from operating activities $ 420

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