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Portions of the financial statements for Myriad Products are provided below. $ 940 329 611 MYRIAD PRODUCTS COMPANY Income Statement For the Year Ended December

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Portions of the financial statements for Myriad Products are provided below. $ 940 329 611 MYRIAD PRODUCTS COMPANY Income Statement For the Year Ended December 31, 2021 ($ in millions) Sales Cost of goods sold Gross margin Salaries expense $160 Depreciation expense 102 Amortization expense 5 Interest expense 42 Loss on sale of land 4 Income before taxes Income tax expense Net Income 313 298 149 $ 149 MYRIAD PRODUCTS COMPANY Selected Accounts from Comparative Balance Sheets December 31, 2021 and 2020 ($ in millions) Year 2021 2020 Change Cash $144 $134 $ 10 Accounts receivable 265 283 (18) Inventory 467 484 (17) Accounts payable 213 282 11 Salaries payable 109 120 (11) Interest payable 63 54 9 Income tax payable 44 10 54 Required: Prepare the cash flows from operating activities section of the statement of cash flows for Myrtad Products Company using the direct method(Amounts to be deducted should be Indicated with a minus sign. Enter your answers in millions (l.e., 10,000,000 should be entered as 10).) (5 in millions Cash Flows from Operating Activities: Nel cash flows from operating tivi 5 0

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