Portions of the financial statements for Myriad Products are provided below. Chapter 21 Connect Assignment MYRIAD PRODUCTS COMPANY Income Statement For the Year Ended December 31, 2016 ($ in millions) Sales $ 640 Cost of goods sold (224) 416 Gross margin Salaries expense Depreciation expense Patent amortization expense Interest expense Loss on sale of land (186) Income before taxes Income tax expense 230 (115) Net Income $ 115 MYRIAD PRODUCTS COMPANY Selected Accounts from Comparative Balance Sheets December 31, 2016 and 2015 ($ in millions) Year 2016 2015 Change Cash $ 111 $ 106 $ 5 Accounts 226 241 (15) receivable Inventory 443 456 (13) Accounts payable 155 146 9 Salaries payable 83 92 Interest payable 34 26 8 Income taxes 24 16 8 payable 000 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: Adjustments for noncash effects: Changes in operating assets and liabilities: Net cash flows from operating activities $