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Portions of the financial statements for Myriad Products are provided below. $ 620 217 43 MYRYAD PRODUCTS COMPANY Income Statement For the Year Ended December
Portions of the financial statements for Myriad Products are provided below. $ 620 217 43 MYRYAD PRODUCTS COMPANY Income Statement For the Year Ended December 31, 2021 (5 in millions) Sales Cost of goods sold Gross sargin Salaries expense S8S Depreciation expense 72 Amortization expense 5 Interest expense 12 Loss on sale of land 3 Income before taxes Income tax expense Net Income # 177 226 $ 113 MYRIAD PRODUCTS COMPANY Selected Accounts from Comparative Balance Sheets December 31, 2021 and 2020 (5 in millions) Year 2021 2020 Change Cash $100 $104 $4 Accounts receivable 224 238 Inventory (14) 442 454 (12) Accounts payable 15e 142 8 Salaries payable 82 90 (8) Interest payable 24 7 Income tax payable 21 14 Required: Prepare the cash flows from operating activities section of the statement of cash flows for Myriad Products Company using the direct method (Amounts to be deducted should be indicated with a minus sign. Enter your answers in millions de 10.000.000 should be entered os 10).) Answer is not complete. 15 in milions) Cash Flows from Operating Activites Cash received from customers Cash paid for income taxes Cash paid to employees Cash paid for interest OOO 034 -107) 031 --100) Niet ca fou om operating 541
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