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Portions of the financial statements for Myriad Products are provided below. MYRIAD PRODUCTS COMPANY Income Statement For the Year Ended December 31, 2018 ($ in

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

MYRIAD PRODUCTS COMPANY Income Statement For the Year Ended December 31, 2018 ($ in millions)
Sales $ 840
Cost of goods sold 294
Gross margin 546
Salaries expense $ 135
Depreciation expense 92
Patent amortization expense 5
Interest expense 32
Loss on sale of land 4 268
Income before taxes 278
Income tax expense 139
Net Income $ 139

MYRIAD PRODUCTS COMPANY Selected Accounts from Comparative Balance Sheets December 31, 2018 and 2017 ($ in millions)
Year
2018 2017 Change
Cash $ 129 $ 124 $ 5
Accounts receivable 255 268 (13 )
Inventory 462 474 (12 )
Accounts payable 188 182 6
Salaries payable 104 110 (6 )
Interest payable 48 44 4
Income taxes payable 39 34 5

Required: Prepare the cash flows from (also adjustments for noncash effects section) operating activities section of the statement of cash flows for Myriad Products Company using the indirect method. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10.). Amounts to be deducted should be indicated with a minus sign.)

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