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Please show work and answers. Thank you. The comporative bolance sheets for 2024 and 2023 and the statement of income for 2024 are given below

Please show work and answers. Thank you.

image text in transcribedimage text in transcribed The comporative bolance sheets for 2024 and 2023 and the statement of income for 2024 are given below for Nationsl lntercable Company. Additional information from NIC's accounting records is provided also. Additional information from the occounting 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 purchssed for $30 million, wss sold for $34 million. c. Pretax accounting income exceeded taxable income, cousing the deferred income tax liability to incresse by $3 million. d. A building that originally cost $40 million, and which was one-fourth depreciated, wos deatroyed by fire. Some undamsged sections were sold for $3 million. e. The right to use a building wos ocquired with a seven-year lesse agreement; present volue of lease poyments, $90 million. Annusl lesse poyments of $15 million are poid on Jen. 1 of each year starting in 2024 . f. $150 million of bonds were retired at maturity. 9. $30 million par value of common stock wos sold for $60 million, and $70 million of preferred stock wes sold at por. h. Shareholders were paid cash dividends of $18 million. Required: 2. Prepore the stetement of cash flows. Present cosh flows from opersting activities by the direct method. Note: Enter your answers in millions (I.e., 10,000,000 should be entered as 10 ). Amounts to be deducted should be Indicated with

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