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Portions of the financial statements for Myriad Products are provided below. MYRIAD PRODUCTS COMPANY Income Statenent For the Year Ended December 31, 2021 (in millions)

image text in transcribed Portions of the financial statements for Myriad Products are provided below. MYRIAD PRODUCTS COMPANY Income Statenent For the Year Ended December 31, 2021 (in millions) Sales Cost of goods sold Gross margin Salaries expense Depreciation expense Amortisation expense Interest expense Loss on sale of land Incone before taxes Income tax expense Net Income $660 250 410 $110 90 $ 20 182 91 $ 91 MYRIAD PRODUCTS COMPANY Selected Accounts from Comparative Balance Sheets December 31, 2021 and 2020 (in millions) Year 2021 2020 Change Cash $102 $100 $2 Accounts receivable 220 232 (12) Inventory 440 450 (10) Accounts payable 140 134 Salaries payable 80 06 (6) Interest payable 25 20 5 Income tax payable 15 10 Required: Prepare the cash flows from the operating activities section of the statement of cash flows for Myriad Products Company using the indirect method. (Enter your answers in millions (ie., 10,000,000 should be entered as 10). Amounts to be deducted should be indicated with a minus sign.) ($in millions) Cash Flows from Operating Activities: Adjustments for noncash effects: Changes in operating assets and liabilities: Net cash flows from operating activities $

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