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 $ $720$

Cost of goods sold $252$

Gross margin $468$

Salaries expense $ $105$

Depreciation expense $80$

Amortization expense $5$

Interest expense $20$

Loss on sale of land $4214$

Income before taxes $254$

Income tax expense $127$

Net Income $ $127$

MYRIAD PRODUCTS COMPANY

Selected Accounts from Comparative Balance Sheets

December $31,2024$ and $2023$

$($$ in millions$)$

Year Change

$20242023$

Cash $ $120$ $ $112$ $ $8$

Accounts receivable $232250(18)$

Inventory $446462(16)$

Accounts payable $17015812$

Salaries payable $8698(12)$

Interest payable $433211$

Income tax payable $332211$

Required:

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

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