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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 $ 980
Cost of goods sold 343
Gross margin 637
Salaries expense $ 170
Depreciation expense 106
Patent amortization expense 5
Interest expense 46
Loss on sale of land 4 331
Income before taxes 306
Income tax expense 153
Net Income $ 153

MYRIAD PRODUCTS COMPANY Selected Accounts from Comparative Balance Sheets December 31, 2018 and 2017 ($ in millions)
Year
2018 2017 Change
Cash $ 150 $ 138 $ 12
Accounts receivable 269 289 (20 )
Inventory 469 488 (19 )
Accounts payable 223 210 13
Salaries payable 111 124 (13 )
Interest payable 69 58 11
Income taxes payable 60 48 12

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.)

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