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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, 2016 ($ in

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

MYRIAD PRODUCTS COMPANY Income Statement For the Year Ended December 31, 2016 ($ in millions)
Sales $ 780
Cost of goods sold (273 )
Gross margin 507
Salaries expense $ 120
Depreciation expense 86
Patent amortization expense 5
Interest expense 26
Loss on sale of land 4 (241 )
Income before taxes 266
Income tax expense (133 )
Net Income $ 133

MYRIAD PRODUCTS COMPANY Selected Accounts from Comparative Balance Sheets December 31, 2016 and 2015 ($ in millions)
Year
2016 2015 Change
Cash $ 120 $ 118 $ 2
Accounts receivable 249 259 (10 )
Inventory 449 468 (19 )
Accounts payable 185 170 15
Salaries payable 92 104 (12 )
Interest payable 52 38 14
Income taxes payable 42 28 14

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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