6. Prepare a statement of cash flows indirect method. The financial statements of Gray Co. included the following information for the year ended December 31, 2021. (amounts in millions):

Depreciation and amortization expense $130

Cash dividends declared and paid 165

Purchase of equipment 410

Net income 192

Beginning cash balance 60

Proceeds of common stock issued 74

Proceeds from sale of building (at book value) 106

Accounts receivable increase 8

Ending cash balance 20

Inventory decrease 19

Accounts payable increase 22

Complete the following statement of cash flows, using the indirect method:

Gray Co.

Statement of Cash Flows

For the Year Ended December 31, 2021

Cash Flows from Operating Activities:

Net Income $ 192

Add (deduct) items not affecting cash:

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Net cash provided (used) by operating activities $

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Cash Flows from Investing Activities:

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Net cash provided (used) by investing activities $

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Cash Flows from Financing Activities:

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Net cash provided (used) by financing activities $

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Net increase (decrease) in cash for the year $

Cash balance, January 1, 2021 60

Cash balance, December 31, 2021 $20