Portions of the financial statements for Myriad Products are provided below. ces 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 Depreciation expense 106 Patent amortization expense Interest expense Loss on sale of land Income before taxes 306 Income tax expense 153 Net Income $153 $170 5 MYRIAD PRODUCTS COMPANY Selected Accounts from Comparative Balance Sheets December 31, 2018 and 2017 ($ in millions) Year 2018 2017 Change Cash $150 $138 $ 12 Accounts receivable 269 289 (20) Inventory 469 488 (19) Accounts payable 223 210 Salaries payable Interest payable Income taxes payable 124 (13) 58 ($ in millions) Cash Flows from Operating Activities: Net cash flows from operating activities