Portions of the financial statements for Myriad Products are provided below:

MYRIAD PRODUCTS COMPANY

Income Statement

For the Year Ended December $31,2024$

$($$ in millions$)$

Sales $ $800$

Cost of goods sold $280$

Gross margin $520$

Salaries expense $ $125$

Depreciation expense $88$

Amortization expense $5$

Interest expense $28$

Loss on sale of land $4250$

Income before taxes $270$

Income tax expense $135$

Net Income $ $135$

MYRIAD PRODUCTS COMPANY

Selected Accounts from Comparative Balance Sheets

December $31,2024$ and $2023$

$($$ in millions$)$

Year Change

$20242023$

Cash $ $123$ $ $120$ $ $3$

Accounts receivable $251262(11)$

Inventory $460470(10)$

Accounts payable $19017416$

Salaries payable $95106(11)$

Interest payable $554015$

Income tax payable $453015$

Required:

Prepare the cash flows from the operating activities section of the statement of cash flows for Myriad Products Company using the indirect method.

Note: Enter your answers in millions $($i$.$e$.,10,000,000$ should be entered as $10).$ Cash outflows should be indicated with a minus sign.

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