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Portions of the financial statements for Myriad Products are provided below. $ 720 252 468 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. $ 720 252 468 MYRIAD PRODUCTS COMPANY Income Statement For the Year Ended December 31, 2018 ($ in millions) Sales Cost of goods sold Gross margin Salaries expense $105 Depreciation expense Patent amortization expense Interest expense Loss on sale of land Income before taxes Income tax expense Net Income 214 254 127 $ 127 MYRIAD PRODUCTS COMPANY Selected Accounts from Comparative Balance Sheets December 31, 2018 and 2017 ($ in millions) Year 2018 2017 Change Cash $120 $112 $ 8 Accounts receivable 232 250 (18) Inventory 446 462 (16) Accounts payable 170 158 Salaries payable 98 (12) Interest payable Income taxes payable 12 22 11 Required: Prepare the cash flows from 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.) ($ in millions) Cash Flows from Operating Activities: Net income Adjustments for noncash effects: Changes in operating assets and liabilities: Net cash flows from operating activities $

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