Managerial Accounting Question, would really appreciate both answers and work thank you!

A comparative balance sheet and an income statement for Burgess Company are given below:

Burgess Company Comparative Balance Sheet (dollars in millions)

Ending Balance

Beginning Balance

Assets

Current assets:

Cash and cash equivalents

$

47

$

97

Accounts receivable

720

660

Inventory

690

642

Total current assets

1,457

1,399

Property, plant, and equipment

1,585

1,556

Less accumulated depreciation

818

675

Net property,plant, and equipment

767

881

Total assets

$

2,224

$

2,280

Liabilities and Stockholders' Equity

Current liabilities:

Accounts payable

$

276

$

168

Accrued liabilities

188

162

Income taxes payable

93

80

Total current liabilities

557

410

Bonds payable

455

680

Total liabilities

1,012

1,090

Stockholders' equity:

Common stock

185

185

Retained earnings

1,027

1,005

Total stockholders' equity

1,212

1,190

Total liabilities and stockholders' equity

$

2,224

$

2,280

Burgess Company Income Statement (dollars in millions) Sales$3,940 Cost of goods sold 2,700 Gross margin 1,240 Selling and administrative expenses 896 Net operating income 344 Nonoperating items: Gain on sale of equipment 2 Income before taxes 346 Income taxes 128 Net income$218

Burgess also provided the following information:

1.	The company sold equipment that had an original cost of $28 million and accumulated depreciation of $15 million. The cash proceeds from the sale were $15 million. The gain on the sale was $2 million.
2.	The company did not issue any new bonds during the year.
3.	The company paid a cash dividend during the year.
4.	The company did not complete any common stock transactions during the year.

Required:
1.	Using the indirect method, prepare a statement of cash flows for the year. (Enter your answers in millions not in dollars . List any deduction in cash and cash outflows as negative amounts.)