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Portions of the financial statements for Myriad Products are provided below MYRIAD PRODUCTS COMPANY Income Statement For the Year Ended December 31, 2018 $800 280

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Portions of the financial statements for Myriad Products are provided below MYRIAD PRODUCTS COMPANY Income Statement For the Year Ended December 31, 2018 $800 280 520 Sales Cost of goods sold Gross margin Salaries expense Depreciation expense Patent amortization expense Interest expense Loss on sale of land Income before taxes $125 28 4 250 270 135 $ 135 Income tax expense Net Income MYRIAD PRODUCTS COMPANY Selected Accounts from Comparative Balance Sheets December 31, 2018 and 2017 ( in millions) Year 2018 2017 Change $123 $120 262 460470 174 106 40 30 3 Cash Accounts receivable Inventory Accounts payable Salaries payable Interest payable Income taxes payable 251 (10) 16 (11) 15 15 190 95 45 MYRIAD PRODUCTS COMPANY Selected Accounts from Comparative Balance Sheets December 31, 2818 and 2817 (s in millions) Year 2018 251 190 $123 $128 3 (11) Cash Accounts receivable Inventory Accounts payable Salaries payable Interest payable Income taxes payable 262 460 470 (10) 95 106(11) 30 174 16 15 15 45 Required Prepare the cash flows from operating activities section of the statement of cash flows for Myriad Products Company using the direct be entered as 10).) method. (Amounts to be deducted should be indicated with a minus sign. Enter your answers in millions (i.e., 10,000,000 should Answer is complete but not entirely correct. Cash Flows from Operating Activities Cash received from customers Depreciation expense Patent amortization expense Cash paid to employees Cash paid for interest 520 3 (1250 (28)8

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